Dubai – Mubasher: The Dubai Gold and Commodities Exchange (DGCX) on Tuesday announced signing a memorandum of understanding (MoU) with London-based FXCM Group (FXCM) to launch new and innovative FX products on the DGCX.
FXCM is a leading international provider of online foreign exchange trading, CFD trading, bitcoin, and related services.
“This MOU with FXCM is the first step in developing ever more pioneering contracts contributing to the DGCX’s global offerings allowing us to cross-pollinate each other’s diverse client base,” Les Male, CEO of DGCX, commented.
The deal aims to ensure that DGCX will continue offering its members and market participants truly innovative contracts, backed by the state-of-the-art technology and Clearing House, Dubai's derivatives exchange noted.
“This partnership will expand both companies’ footprint in this region and will allow its members to experience the many benefits of trading with DGCX,” Mario Sanchez-Wandemberg, managing director of FXCM Group, said.
Wandemberg added that this agreement will enhance both companies’ plans to expand in the region, allowing their members to experience the many benefits of trading with DGCX.
“We know that we can create new innovative product offerings and are enthusiastic on the many possibilities. We look forward to sharing them with the market in the future,” Wandemberg pointed out.
