JRG International has joined hands with the UAE Exchange to launch a pioneering multi-currency cash management and transfer system for Dubai Gold and Commodities Exchange (DGCX) investors.

One of the leading commodity brokerage entities from the UAE and trading & clearing member of DGCX, JRG said the Global Cash Management and Transfer (GCMT) system is in line with its strategic objective of bringing cutting-edge financial solutions to the investor community following the financial meltdown.

The GCMT offers investors on DGCX a fully-compliant, flexible and transparent funds transfer mechanism which can be accessed from anywhere in the world through UAE Exchange branches.

Sudhir Kumar Shetty, COO, Global Operations, UAE Exchange, said: 'Our partnership with JRG International on GCMT system comes as a value addition to our existing remittance services; it is also a new step ahead for the UAE Exchange in expanding its reach to the investor community across the world.'

'Further, it allows us to contribute to the UAE economy by supporting investment flows to the country,' he remarked.
 
According to Shetty, both JRG International and UAE Exchange have found significant synergy in joining hands on GCMT system.

'The combination of our strengths – JRG’s focus on innovation in brokerage services and our time-tested efficiency and transparency in funds transfer across the world with a network of almost 490 branches in 22 countries across five continents - will bring great advantage to investors in managing their trading transactions,” he added.

GCMT was launched under JRG International’s strategic programme – Global Secured Investment Transaction System (GSIT),  in the presence of the Consul General of India, Dubai, Sanjay Verma.

GSIT aims to conceive and introduce new models of regulation-compliant and fool-proof trading transaction systems to the investment world.  Under this initiative, JRG International last year launched its successful Client Segregated Bank Account System for DGCX investors.

Sajith Kumar PK, director and CEO of JRG International, said: 'GCMT system is yet another radical financial solution from the JRG International portfolio, developed to support and nurture confidence among investor community at a time when the financial world is passing through a tumultuous phase following the crisis.'

'By combining transparency and quick efficiency to fund transfers, GCMT aims to complement the growth potential of online commodity/Forex trading on DGCX. In this endeavour, we have partnered with the UAE Exchange because of their capability in seamless fund transfer,' Kumar said.

 “The system is investor friendly and allows easy fund transfers directly to DGCX beyond banking hours and even on regional holidays. We are confident that GCMT will contribute significantly to the growth of DGCX online commodity trading and will become an investment gateway to the UAE,” he said.

JRG and UAE Exchange also introduced an `Investor Gold Card,’ which can be used to access GCMT services.

The `Investor Gold Card’ was launched by Hazza Bin Mohammed, chairman and MD, JRG International.

“JRG has always been in the forefront in developing cutting-edge financial solutions in response to market needs and the changing dynamics of  commodity trading. GCMT is the latest innovative transaction tool, which will add value to the global online trading process,” Mohammed said.

Babu K. Lonappan, director of JRG International, said: 'JRG has always believed in developing solutions that are fully compliant and regulated under global financial norms and GCMT reaffirms our focus on transparency and customer protection.'

'Our systems seek to protect the trader, secure his investments through prudent financial tools and in turn maximize returns from investments,' he added.-TradeArabia News Service