DGCX clearing unit upgrades platform

Dubai: The Dubai Gold & Commodities Exchange (DGCX) said its clearing unit has upgraded its integrated trading and clearing solution from Cinnober to the latest version of the TRADExpress platform.

The move is aimed at enhancing and speeding up business development capabilities even further, while deriving the benefits of more refined trade and market data protocols, leading to improved bandwidth usage, the bourse said in an emailed statement.

“With this upgrade, we’re benefiting from cutting-edge exchange and clearing technology and preparing for further growth,” says Les Male, CEO of DGCX. “The launch was smooth, operations have been enhanced, and we’ve seen great results for member accessibility and connectivity, as well as highly encouraging feedback.”