FXCM Group to launch new products on the DGCX Exchange

FXCM Group to launch new products on the DGCX Exchange

Retail forex broker FXCM Group, LLC has just announced that it has signed a Memorandum of Understanding (MoU) with The Dubai Gold and Commodities Exchange (DGCX). Both sides confirmed that they intend to launch new products on the DGCX Exchange.

Les Male, Chief Executive Officer of DGCX, stated:

It is our aim to ensure that we continue to offer our members and market participants truly innovative contracts, backed by our state of the art technology and Clearing House. These contracts must appeal to not only our international participants, but also to local banks and trading houses too. This MOU with FXCM is the first step in developing ever more pioneering contracts contributing to the DGCX’s global offerings allowing us to cross-pollinate each other’s diverse client base.

Mario Sanchez-Wandemberg, Managing Director, FXCM Group, noted:

This partnership will expand both companies’ footprint in this region and will allow its members to experience the many benefits of trading with DGCX.

With FXCM’s long history and expertise as one of the world’s leading FX and CFD brokers, working alongside Dubai’s first commodity derivatives exchange, we know that we can create new innovative product offerings and are enthusiastic on the many possibilities. We look forward to sharing them with the market in the future.

Last week, FXCM Group has also teamed up with APEX to form a new exchange offering.

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