Luxembourg-based Clearstream and Dubai Commodities Clearing Corporation (DCCC), the central counterparty (CCP) of the Dubai Gold & Commodities Exchange, have agreed to co-operate on collateral management for CCP margining.
The Dubai Multi Commodities Centre Authority (DMCC) said it has signed a deal with Hawkamah, an international association of corporate governance practitioners in the Mena region, to raise awareness of corporate governance among SMEs.
Dubai Mercantile Exchange (DME), a premier international energy futures and commodities exchange in the region, has registered a record trading volume of 6,978 ADV in June, up 38 per cent over the same period last year.
The June v
World shares, bonds and commodities steadied on Friday, a day after a sharp sell-off triggered by plans by the U.S. Federal Reserve to cut back its asset-buying programme.
Easing fears about a banking crisis in China also made for
World shares and industrial commodities fell on Wednesday as global growth concerns overwhelmed support from the prospect of ongoing central bank stimulus in the US and Japan.
The growing belief the Federal Reserve will maintain i
Gold regained ground after its biggest fall on record and oil steadied after falling below $100 a barrel for the first time in nine months on Tuesday but investors stayed nervous about the health of the global economy.
FIS, one of the leading brokers in the freight forward agreement (FFAs) market, is relocating most of its dry cargo ship futures team to Dubai from London to take advantage of growth markets there and closer proximity to Asia.
Dubai Gold & Commodities Exchange (DGCX), the region’s first derivatives exchange, said its new trading platform, the EOS Trader Platform, has gone live.
The activation of the EOS Trader Platform marks the complet