Technology forms the backbone of data-rich, transaction-driven online, real-time networked systems. DGCX holds the strategic advantage of having Financial Technologies (India) Ltd. [FTIL] as its technology partner for delivering technologically advanced solutions to market participants. FTIL's provides end-to-end Exchange solutions for Trading / Surveillance / Clearing and Settlement operations, giving a cutting-edge to the DGCX operations.
The state-of-the-art, new generation trading platform of DGCX is extremely user-friendly and adaptable, enabling the trading of futures and options products for a wide range of commodities from basic commodities such as gold, silver, fuel oil, pulses and steel to more exotic products such as freight rates. The Exchange Trading System, which maintains the Central Order Book, is located in Dubai. Orders placed by the members through their Trader Work Station (TWS) from across the globe are routed to the central order book where the orders are matched based on a price time priority algorithm. Additionally, members can also use their existing front-end application through Exchange FIX Gateway which supports FIX 4.2 protocol standard.
The trading platform also incorporates a highly sophisticated and automated Risk Management System which reduces human intervention to a minimum and creates alerts based on the pre-defined parameters for risk management. This provides comfort to the market participants at all times regarding the financial integrity and transparency of the marketplace.
The hardware implemented by DGCX provides a fault tolerant environment with multiple levels of backup to ensure a very high degree of availability. The hardware incorporates best fail over options and redundancy, for all the components at exchange level and network level.
DGCX is an international exchange and members can connect to its trading platform from anywhere in the world through various modes of connectivity ranging from terrestrial links and VPNs to public networks. This guarantees ease of access for trading, clearing, settlement, payments and obtaining real time information. Customers and members can opt for their preferred medium of connectivity so that every market participant minimizes costs and maximizes benefits.