The Dubai Gold and Commodities Exchange (DGCX) announced today that Marex Spectron Group, the world’s largest privately owned broker of financial products in the commodities sector and a leader in brokering physical energy products, has been approved as a Broker Clearing Member of the Exchange.
Marex Spectron has significant market share in the energy, metals, freight, environmental and agricultural markets – both on-exchange and over-the-counter. It is also a premier specialist broker of financial futures, foreign exchange and securities.
Dubai, Jan 08 2013: DGCX announced that Marex Spectron’s subsidiary – EasyScreen, an established global supplier of trading software and connectivity, has received approval to be an independent software vendor with the Exchange. EasyScreen supplies trading software to a client base of global financial institutions, banks, brokers and trading houses.
Gary Anderson, CEO of DGCX, said, “We are excited to introduce Marex Spectron to the DGCX community as a Broker Clearing Member. With its extensive knowledge and experience of the market coupled with its international client base, Marex Spectron, is a valuable addition to our growing international member base. The presence of specialist broker institutions such as Marex Spectron in the DGCX community reflects our ability to provide a platform for international brokerages to expand and grow their business in the region.”
John Wall, CEO of Marex Spectron Group, said, “The MENA region is an integral part of our business strategy and our membership with DGCX, driven by strong client demand, allows us to offer exciting trading opportunities to clients in this region. We look forward to working closely with DGCX to support the growth of the derivatives marketplace in the region.”
About DGCX:Established in 2005, DGCX is the region’s leading 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 a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. 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