DGCX Continues its Domination as Preferred Commodity Exchange in Middle East – Marex Joins as Clearing Member
The Dubai Gold and Commodities Exchange (DGCX) announced 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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Member of the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.
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.
DGCX also 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."
The Dubai Gold and Commodities Exchange (DGCX) announced 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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Member of the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term.
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.
DGCX also 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."