July 22, 2014 9:17 PM ET

Diversified Financial Services

Company Overview of Dubai Gold and Commodities Exchange

Company Overview

Dubai Gold and Commodities Exchange operates as an electronic commodities and derivatives exchange in the Middle East. Its futures products include gold, silver, currency, fuel oil, Indian rupee, steel, plastics, WTI light sweet crude oil, and Brent crude oil. The company also provides options and contract specifications. In addition, it engages in providing clearing and settlement, and risk management functions. Dubai Gold and Commodities Exchange was founded in 2005 and is based in Dubai, United Arab Emirates.

Emaar Business Park

Building No. 2, Level 1

Sheikh Zayed Road (Near Interchange 5)

Dubai,  

United Arab Emirates

Founded in 2005

Phone:

971 4 361 1616

Fax:

971 4 361 1617

Key Executives for Dubai Gold and Commodities Exchange

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Head of Marketing
Head of Soft Commodities
Compensation as of Fiscal Year 2014.

Dubai Gold and Commodities Exchange Key Developments

DGCX to Launch Spot Gold and Agricultural Contracts

DGCX is set to launch a spot gold contract in 2014 that will make Dubai a major price discovery centre for the precious metal. The company said it is working on the spot gold contract's specifications and timing the launch. The company expects to launch it next 2 to 3 months. The reason for the spot gold is to create a contract that is very much regionally and Dubai relevant asset class. Now up to 40% of the gold traded in the world comes through Dubai. The exchange expects to attract multiple users of gold ecosystem to participate in this contract such as mining companies, refiners, fabricators, traders and international banks. Primarily it will be a spot gold price discovery platform and will be fully deliverable. So the price that is seen on DGCX's screen will be the price for spot gold in Dubai for delivery.

Dubai Gold and Commodities Exchange Appoints Sanjeev Vohra as Head of Soft Commodities

Dubai Gold and Commodities Exchange has appointed Sanjeev Vohraas the Head of Soft Commodities. Vohra, who has over nine years of experience in product and business development in the Exchange industry, will be responsible for developing new products and exploring growth opportunities for DGCX in the soft commodities sector. Before joining DGCX, Sanjeev worked as Vice President - Business Development & Marketing with Singapore Mercantile Exchange (SMX).

The Dubai Gold and Commodities Exchange and Dalian Commodity Exchange of China Set to Launch Plastics Futures

The Dubai Gold and Commodities Exchange, or DGCX, and Dalian Commodity Exchange of China, announced that they would begin trading plastics futures this week to enable buyers and sellers of the commodity to hedge against price swings. The plastic futures, the first of several new contracts the Dubai-based bourse plans to launch this year, is also expected to give a new impetus to the GCC’s thriving plastic manufacturing industry by creating a liquidity pool. In 2014, the derivatives exchange plans to launch futures contracts in four emerging currencies, spot gold and MSCI Indian index. The trading in renminbi, ruble, won and rand futures, which will be launched in six months, will help investors hedge their financial risk in China, Russia, South Korea and South Africa.

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