Dubai Gold and Commodities Exchange (DGCX) announced today that it has signed a co-location services agreement with Emaar Technologies, a subsidiary of Emaar Properties PJSC.
Under the agreement, Emaar Technologies will provide DGCX with secure data centre space to host the Exchange's infrastructure. The co-location service will facilitate increased security, higher availability, access to both telecom providers, lower costs and disaster recovery facility for DGCX.
Ahmed Bin Sulayem, Chairman of Dubai Gold & Commodities Exchange said: "This is an important partnership for DGCX at a time when it is poised to see increased trading volumes following the implementation of its new trading platform and the expansion of its product portfolio. One of the key focuses of the service provided by Emaar Technologies is to prevent any downtime to DGCX's business operations. This partnership will support DGCX in further developing the derivatives marketplace in the UAE and the region."
Gary Anderson, CEO of DGCX said: "Our partnership with Emaar Technologies allows us to have a secured data center space to host our infrastructure which will increase the speed of transactions for our Members. The co-location services will support enhanced reliability and security for DGCX's new trading platform. Partnerships with leading technology service providers like Emaar Technologies are vital to our efforts to supporting our members in optimizing their trading strategies and maximising profits."
Muzamil Abdul Karim, General Manager of Emaar Technologies said: "We are very pleased to welcome DGCX as a co-location services partner. One of the key focuses of the service is to prevent any downtime to DGCX's business operations. This agreement is yet another endorsement of the quality and reliability of our services. Our extensive range of clients extending across the property, retail, hospitality, education, financial and healthcare sectors has benefited significantly from our advanced technology solutions and see tremendous value in our offerings."