DGCX on its partnership with Cinnober
Early last week it was announced that the Dubai Gold & Commodities Exchange (DGCX) has chosen Cinnober’s technology for trading, clearing and surveillance in a major replacement project. The new exchange infrastructure is scheduled to go live in December 2012, following a phased implementation.
In the following step, DGCX has published an official Q&A document regarding how its collaboration with Cinnober will support the exchange’s long-term strategy as well as improve the marketplace as a whole.
The document states, among others things,that the core trading and clearing applications, TRADExpress Trading System and TRADExpress RealTime Clearing, together with the market monitoring system Scila Surveillance, will:
- Support the requirements of high–frequency traders and others who conduct algorithmic trading.
- Provide superior transaction speed and a wider range of trading and clearing services, which will give the Exchange’s members enhanced trading flexibility.
- Reduce overall costs and improve efficiency.
- Give the Exchange the ability to offer contracts and settlements in multiple currencies.
Click here to download the Q&A on DGCX Partnership with Cinnober and Transition to New Trading Platform.
Click here to read press release about DGCX chooses Cinnober’s trading, clearing and surveillance technology.
About Cinnober Financial Technology AB
Cinnober provides mission-critical solutions and services to leading trading and clearing venues. Cinnober’s solutions are based on the TRADExpress™ Platform incorporating everything needed for mission-critical solutions in terms of performance, robustness and flexibility. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Cinnober’s customers include Alpha Exchange, Borsa Italiana, BM&FBOVESPA, Burgundy, Chicago Board Options Exchange, Deutsche Börse, Dubai Gold & Commodities Exchange, Eurex, Hong Kong Mercantile Exchange, London Metal Exchange, Markit BOAT, NYSE Liffe, Stock Exchange of Thailand and Quadriserv. For additional information, please visit www.cinnober.com