Exchange Friday launched three new INR, plastics futures contracts
The Dubai Gold and Commodities Exchange (DGCX) has said that
it expects business from Europe-based clearing brokers to account for at least
a quarter of business at its clearing subsidiary once it gains regulatory
approval, as the exchange continues to focus on opportunities in the east.
The exchange said the Dubai Commodities Clearing
Corporation (DCCC) is speeding toward approval from the European Securities and
Markets Authority (Esma), with interim CEO Gaurang Desai confident the
organisation will secure between 25 and 30% of activity from clearing brokers in
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