DGCX is a highly regulated derivatives trading and clearing platform, which has global credibility and a proven settlement track record:
A Self-Regulatory Organization (SRO), having its own rules/regulations.
Regulated by Securities and Commodities Authority (SCA). The federal regulatory authority for the Securities Market and Commodities markets in the UAE. SCA’s fundamental objective is to provide the opportunity to invest in commodities in a manner that serves the interest of the national economy by establishing the basis for sound and just dealings between various investors.
An affiliate Member of the International Organisation of Securities Commissions (IOSCO).
Recognized by Dubai Financial Services Authority (DFSA), UAE, allowing the DIFC-domiciled firms, licensed by DFSA, to become Members on the Exchange.
Recognized by the Financial Services Regulatory Authority/FSRA, allowing DGCX to conduct its activity within ADGM as a Non-ADGM Recognized Investment Exchange, pursuant to section 127(a) of the Financial Services and Markets Regulations, accordingly, the firms, financial institutions domiciled in that jurisdiction are allowed to become Broker Members on the Exchange.
A recognized Market Operator (RMO) under Monetary Authority of Singapore (MAS), allowing DGCX to grant membership of the Exchange to Brokers domiciled in Singapore. The recognition of DGCX as a RMO is also restricted to its operation of a futures market. Broker Members, domiciled in Singapore, shall only allow professional investors and accredited investors as defined under SFA (cap 289) to trade on DGCX market.
DGCX Clearing House sets out in its Clearing Rules, amongst other things, the criteria for Clearing Membership of DCCC as well as the ongoing obligations of all Clearing Members. It undertakes inspection visits to ensure compliance with the Clearing Rules and where breaches of the Clearing Rules have occurred, will take appropriate disciplinary action. We comply with the Principles for Financial Market Infrastructure (PFMI), and has completed self-assessment against the PFMI. The Clearing House is now authorized as a ‘Recognized Clearing House’ (RCH) by the Monetary Authority of Singapore (MAS), the country’s Central Bank and financial regulatory authority.
We have a fully operational Compliance Department which, in liaison with SCA, ensures that Broker Members maintain strict adherence to SCA approved DGCX By-Laws and where applicable SCA regulations.
