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.