onepence
10-25-2005, 03:30 PM
Dubai goes for gold!
http://www.ameinfo.com/70629.html
With around 100 members trading gold futures on Day One on November 22, the world's newest commodities bourse is sure to be an instant success. The Dubai Gold and Commodities Exchange is a fully automated, screen-based, online commodities exchange.
From Day One, DGCX will offer an uninterrupted trading window of more than thirteen hours to provide arbitrage opportunities against Far East, European and American markets.
The exchange is confident that it will see wide participation from approved members from diverse backgrounds such as commodity traders, banks, brokerages and other financial institutions, who will trade and clear their obligations on T+1 basis. The market will ensure that the best risk containment measures are implemented and followed.
A joint venture between the Dubai Metals and Commodities Centre, Financial Technologies (India) Limited and Multi Commodity Exchange of India, the DGCX will be located in the DMCC free zone in the prestigious purpose-built AU or Gold Tower.
Global commodities
With its extensive portfolio of listed commodities including Gold, Silver, Freight, Cotton, Steel and Marine Fuel Oil, DGCX is set to offer an efficient electronic platform for the trading, clearing and settlement of a diverse range of commercially important derivative products. Framroze Pochara, Chief Executive of DGCX comments:
'It is remarkable that DGCX will go live with its trading operations within a year from the launch of the concept. It exemplifies the ...
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oneness (http://www.pervan.de/reiseberichte/u/s24672.jpg)
dh
http://www.ameinfo.com/70629.html
With around 100 members trading gold futures on Day One on November 22, the world's newest commodities bourse is sure to be an instant success. The Dubai Gold and Commodities Exchange is a fully automated, screen-based, online commodities exchange.
From Day One, DGCX will offer an uninterrupted trading window of more than thirteen hours to provide arbitrage opportunities against Far East, European and American markets.
The exchange is confident that it will see wide participation from approved members from diverse backgrounds such as commodity traders, banks, brokerages and other financial institutions, who will trade and clear their obligations on T+1 basis. The market will ensure that the best risk containment measures are implemented and followed.
A joint venture between the Dubai Metals and Commodities Centre, Financial Technologies (India) Limited and Multi Commodity Exchange of India, the DGCX will be located in the DMCC free zone in the prestigious purpose-built AU or Gold Tower.
Global commodities
With its extensive portfolio of listed commodities including Gold, Silver, Freight, Cotton, Steel and Marine Fuel Oil, DGCX is set to offer an efficient electronic platform for the trading, clearing and settlement of a diverse range of commercially important derivative products. Framroze Pochara, Chief Executive of DGCX comments:
'It is remarkable that DGCX will go live with its trading operations within a year from the launch of the concept. It exemplifies the ...
<><><><>
oneness (http://www.pervan.de/reiseberichte/u/s24672.jpg)
dh