DMCC has signed a partnership agreement with Vermiculus to collaborate on exchange and clearing solutions.
The deal aims to strengthen Dubai's position as a global trading hub while providing Vermiculus access to Middle Eastern markets.
Dubai skyline
Dubai Multi
Commodities Centre (DMCC) has inked a partnership agreement with Swedish fintech
company Vermiculus as the business hub looks to expand its technology
capabilities and deepen connections with Nordic markets.
The
memorandum of understanding between DMCC and the Stockholm-based firm focuses
on financial technology solutions for exchanges, clearing houses and securities
depositories. Both organizations will explore joint projects and share
technical expertise under the arrangement.
DMCC Partners with Swedish
Fintech Vermiculus in Technology Push
DMCC
operates the Dubai Gold and Commodities Exchange and Dubai Commodities Clearing
Corporation, making technology partnerships particularly relevant to its core
business functions. The agreement comes as the organization serves nearly
26,000 member companies across its various business ecosystems.
DMCC Executive Chairman and CEO Ahmed Bin Sulayem
Vermiculus,
which started operations in 2019, specializes in cloud-based systems for
financial market infrastructure. The company develops platforms that
incorporate artificial intelligence capabilities for exchanges and clearing
organizations worldwide.
“Innovation
is reshaping the future of trade and finance,” DMCC Executive
Chairman and CEO Ahmed Bin Sulayem said in a statement. “By signing
this MoU with Vermiculus, we're laying the groundwork for collaboration that
drives knowledge exchange, technology adoption and new opportunities for nearly
26,000 companies in our community.”
UAE and Sweden Strengthen
Ties
The Swedish
company brings experience from working with major global exchanges and clearing
houses over the past quarter-century. Its founder and Chairman, Nils-Robert Persson, highlighted the firm's focus on “mission-critical needs of exchanges and financial institutions worldwide.”
Nils-Robert Persson, the Founder and Chairman of Vermiculus
“Partnering
with DMCC, one of the world's most dynamic business districts, provides a
unique opportunity to explore areas of mutual interest and growth,” Persson
noted.
The most
relevant recent cooperation occurred in May 2025, when a UAE delegation led by
Assistant Foreign Minister for Advanced Science and Technology Omran Sharaf
concluded a two-day visit to Stockholm.
The
agreement doesn't specify financial terms or timeline details for potential
joint projects. Both organizations indicated they would focus initially on
identifying areas where their expertise could complement each other.
Dubai Multi
Commodities Centre (DMCC) has inked a partnership agreement with Swedish fintech
company Vermiculus as the business hub looks to expand its technology
capabilities and deepen connections with Nordic markets.
The
memorandum of understanding between DMCC and the Stockholm-based firm focuses
on financial technology solutions for exchanges, clearing houses and securities
depositories. Both organizations will explore joint projects and share
technical expertise under the arrangement.
DMCC Partners with Swedish
Fintech Vermiculus in Technology Push
DMCC
operates the Dubai Gold and Commodities Exchange and Dubai Commodities Clearing
Corporation, making technology partnerships particularly relevant to its core
business functions. The agreement comes as the organization serves nearly
26,000 member companies across its various business ecosystems.
DMCC Executive Chairman and CEO Ahmed Bin Sulayem
Vermiculus,
which started operations in 2019, specializes in cloud-based systems for
financial market infrastructure. The company develops platforms that
incorporate artificial intelligence capabilities for exchanges and clearing
organizations worldwide.
“Innovation
is reshaping the future of trade and finance,” DMCC Executive
Chairman and CEO Ahmed Bin Sulayem said in a statement. “By signing
this MoU with Vermiculus, we're laying the groundwork for collaboration that
drives knowledge exchange, technology adoption and new opportunities for nearly
26,000 companies in our community.”
UAE and Sweden Strengthen
Ties
The Swedish
company brings experience from working with major global exchanges and clearing
houses over the past quarter-century. Its founder and Chairman, Nils-Robert Persson, highlighted the firm's focus on “mission-critical needs of exchanges and financial institutions worldwide.”
Nils-Robert Persson, the Founder and Chairman of Vermiculus
“Partnering
with DMCC, one of the world's most dynamic business districts, provides a
unique opportunity to explore areas of mutual interest and growth,” Persson
noted.
The most
relevant recent cooperation occurred in May 2025, when a UAE delegation led by
Assistant Foreign Minister for Advanced Science and Technology Omran Sharaf
concluded a two-day visit to Stockholm.
The
agreement doesn't specify financial terms or timeline details for potential
joint projects. Both organizations indicated they would focus initially on
identifying areas where their expertise could complement each other.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
