DGCX Earns Two Prestigious International Industry Awards, Capping Off Year of Tremendous Growth and Development

DUBAI, United Arab Emirates, Oct. 2, 2013 /PRNewswire/ -- The Dubai Gold and Commodities Exchange (DGCX) has been named the 'Emerging Exchange of the Year' in Asia for 2013 by Futures & Options World (FOW), a leading global derivatives magazine. DGCX's 'EOS Trader' platform was also named the year's 'Best Technology Innovation by an Exchange.'

DGCX beat stiff competition from Thailand Futures Exchange and India's United Stock Exchange for the 'Emerging Exchange of the Year' award; while it was chosen over some of Asia's largest exchanges like ASX/SGX, HKex and Bursa Malaysia for the 'Best Technology Innovation' award.

FOW's 'Emerging Exchange of the Year' award is given to an exchange in an Asian emerging market that demonstrates "tangible innovation and growth." DGCX got the jury's nod for its exceptional volumes growth and product innovation this year. The 'Best Technology Innovation' award recognized the innovation the Exchange demonstrated in implementing an advanced EOS trading platform in response to the needs of its member community. The Exchange was also named the runner-up in the category of Asian Exchange of the Year. 

Gary Anderson, CEO of DGCX said: "We are honored to receive these prestigious awards for 2013, which was a significant year in the growth and evolution of the exchange. We particularly value this recognition because it represents endorsements from our industry peers. Over the first half of this year, we made a strong push to diversify our product portfolio and asset classes with unique new products like Copper, SENSEX and Mini-Indian Rupee Futures. At the same time, we introduced a new advanced technology infrastructure to enhance trading speed, capacity and functionality for our members."

"We're very happy that DGCX has received these well-earned honors and we give them our warmest congratulations," says Veronica Augustsson, CEO of Cinnober. "DGCX has made a very focused and ambitious investment in its technology to provide their clients with a world-class exchange and CCP. We are proud to be a part of their continued success story and look forward to a long and continued positive partnership."

FOW presented the awards at a gala awards ceremony in Singapore on 26 September.

About DGCX: Established in 2005, DGCX is the region's first derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives.  DGCX is majority owned by Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai. It is an electronic commodity and currency derivatives exchange with 267 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors.  For more information: www.dgcx.ae

Further Information:
Madyan Jabr
Manager – Communication & Marketing, DGCX
Tel: +971 (0)4 361 1614; Email
Or,
Baiju Francis / Dhanya Isaac
Weber Shandwick PR
Tel: +971  (0) 4 445 4222; Email

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SOURCE Dubai Gold and Commodities Exchange