DGCX PERMITS MEMBERS TO REPORT TRANSACTIONS NEGOTIATED AFTER CLOSE OF TRADING

Dubai, 27th Jan. 2010 (WAM) - In a move that will enable market participants to trade and hedge risk beyond regular electronic trading hours, the Dubai Gold & Commodities Exchange (DGCX) is permitting members to report transactions negotiated after the close of trading at 11.30pm Dubai time, with effect from February 1st, 2010.

The facility, known as Post-Close-of-Trading (PCT) transactions, will allow
members to execute and report a trade after the market has closed and before
the market is open for trading on the next business day. It will be
available for all contracts listed for trading on the Exchange, including
futures, options and spread contracts.

Members participating in the PCT negotiate the terms and conditions
bi-laterally, including the futures price and quantity. The request is
subsequently submitted to the Exchange through the Clearing Member.

"The new facility is aimed at increasing accessibility for local and
international participants, so that they can benefit from a regulated and
centrally cleared marketplace for trades executed after electronic trading
market hours. The step is designed to allow members to hedge against
volatility in the OTC markets post close-of-trading on DGCX," said Eric
Hasham, Chief Executive Officer, DGCX.

Emphasising the commitment of DGCX to providing innovative solutions for
investors in the region, Eric Hasham added, "The Post-Close-of-Trading
facility is yet another step in adding value to participants in terms of
risk management, convenience and flexibility".


Mahmood Riaz, Managing Director, GTL Trading said, "GTL offers a robust
trading platform and dealing desk to a growing base of international
clients. We have received requests from many clients for the introduction of
‘Post Close of Trading’ reporting and clearing on DGCX and this is therefore
a welcome addition, helping us to better serve our clients across the region
24 hours a day."