14 December 2017
visit www.solutions.lexisnexis.com

Newedge improves Dubai Gold & Commodity Exchange connection

24 August 2009  |  1832 views  |  0 Source: Newedge

Newedge, a leading Broker and Clearing firm, is now using a Dubai Point of Presence (POP) connection to facilitate access to the Dubai Gold & Commodity Exchange (DGCX).

The new connection means that traders from around the world can trade DGCX contracts via a fixed, high bandwidth and more secure communication line rather than an internet-based connection.

Newedge offers global multi-asset brokerage services including execution, clearing, inter-dealer brokerage and prime brokerage to financial institutions, investors, asset managers, hedge funds and corporates. The new fixed line capability significantly improves the reliability and timeframe for processing quotes, trades and market data.

"Speed and connectivity are paramount to ensuring the seamless execution of derivatives transactions. DGCX already has the unique advantage of being located in a strategic time zone and location between the markets of the West and the Far East." said Malcolm Wall Morris, Chief Executive Officer, DGCX. "Newedge provides the latest innovative technology for its client base and we are delighted that customers across the globe can now access our contracts via Newedge's advanced, low latency connectivity," he said.

Commenting on its fixed line capacity, Amaury de Villemandy, CEO Newedge Europe & Middle East, said, "Newedge is a leading and premium choice for exchange-based execution and offers a robust trading platform to a growing base of global clients. Our investment in establishing direct connectivity to DGCX was based on the increased interest among our clients in capitalizing on the commodity and currency trading opportunities offered by the Exchange."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10147 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9081 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8832 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7567 views comments | 20 tweets | 11 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7187 views 11 comments | 11 tweets | 15 linkedin

Featured job

London, UK (or flexible)

Find your next job