Both exchanges will work closely together in areas of shared interest, such as trading, clearing, and settlement.
The Dubai Gold & Commodities Exchange (DGCX) has signed a Memorandum of Understanding (MoU) with the Multi Derivatives Exchange Nepal (MDX) to enhance their respective commodity trading offering.
MDX is a proposed derivatives exchange which has applied for a regulatory license from the Securities Board of Nepal (SEBON) to operate a commodities and derivatives exchange.
Under the agreement, both exchanges will work closely together in areas of shared interest. This includes trading, clearing, settlement, delivery of contracts, compliance and surveillance, contract design and pricing, technology, and Risk Management, the statement said.
In order to further the scale of the collaboration, as well as promote strong cooperation between the DGCX and MDX, the exchanges will host workshops and meetings.
Commenting on the MoU Les Male, the CEO of DGCX, said: “This agreement comes in accordance with our vision to expand our knowledge base, and foster more collaboration in the industry and across borders."
“At DGCX, we are always looking for innovative ways to develop and enhance our offering, and we are confident that this partnership will lead to a successful and fruitful outcome that is mutually beneficial to both parties.”
MoU signed by DGCX CEO and coordinator of MDX
DGCX’s CEO signed the agreement at the exchange’s office in Dubai with Dipak Raj Pandey, Coordinator of MDX. The MoU was signed at a ceremony attended by senior representatives from both sides.
“DGCX and MDX share a common goal to follow international best practices and provide innovative derivatives products to our members,” added Dipak Raj Pandey.
“The signing of this MoU is a significant step towards productive collaboration, and will allow us to leverage each other’s strengths, knowledge and experiences.”
DGCX is a financial and commodities derivatives exchange. In addition to commodities, the exchange facilitates trading in other assets such as foreign exchange (Forex). As Finance Magnates reported, in 2018, G6 currencies, as well as the Indian rupee (INR), were the most traded assets on the exchange.
For INR, trading volumes jumped by 25 percent on a year-on-year basis. This surge was mainly driven by an increase in hedging appetite due to volatile markets. The trading volumes for G6 futures increased by nine percent when measured against 2017, hitting 595,491 contracts.
The Dubai Gold & Commodities Exchange (DGCX) has signed a Memorandum of Understanding (MoU) with the Multi Derivatives Exchange Nepal (MDX) to enhance their respective commodity trading offering.
MDX is a proposed derivatives exchange which has applied for a regulatory license from the Securities Board of Nepal (SEBON) to operate a commodities and derivatives exchange.
Under the agreement, both exchanges will work closely together in areas of shared interest. This includes trading, clearing, settlement, delivery of contracts, compliance and surveillance, contract design and pricing, technology, and Risk Management, the statement said.
In order to further the scale of the collaboration, as well as promote strong cooperation between the DGCX and MDX, the exchanges will host workshops and meetings.
Commenting on the MoU Les Male, the CEO of DGCX, said: “This agreement comes in accordance with our vision to expand our knowledge base, and foster more collaboration in the industry and across borders."
“At DGCX, we are always looking for innovative ways to develop and enhance our offering, and we are confident that this partnership will lead to a successful and fruitful outcome that is mutually beneficial to both parties.”
MoU signed by DGCX CEO and coordinator of MDX
DGCX’s CEO signed the agreement at the exchange’s office in Dubai with Dipak Raj Pandey, Coordinator of MDX. The MoU was signed at a ceremony attended by senior representatives from both sides.
“DGCX and MDX share a common goal to follow international best practices and provide innovative derivatives products to our members,” added Dipak Raj Pandey.
“The signing of this MoU is a significant step towards productive collaboration, and will allow us to leverage each other’s strengths, knowledge and experiences.”
DGCX is a financial and commodities derivatives exchange. In addition to commodities, the exchange facilitates trading in other assets such as foreign exchange (Forex). As Finance Magnates reported, in 2018, G6 currencies, as well as the Indian rupee (INR), were the most traded assets on the exchange.
For INR, trading volumes jumped by 25 percent on a year-on-year basis. This surge was mainly driven by an increase in hedging appetite due to volatile markets. The trading volumes for G6 futures increased by nine percent when measured against 2017, hitting 595,491 contracts.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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