Trading Technologies International, Inc. (TT), an independent provider of global trading software, and Dubai Gold and Commodities Exchange (DGCX) announced today that TT’s flagship trading platform TT is now connected to the largest commodities exchange in the Middle East.
The partnership expands options for TT’s clients to speed up their trading and identify new trading opportunities across the full range of products listed on DGCX. Dubai’s major bourse is the first exchange to go live in TT’s new London data center, which is located within Interxion’s data center campus.
The DGCX has seen tremendous growth in trading volumes in 2016, as traders continue to invest in commodities and currency futures, so the company sees its connectivity as a significant enhancement to its global offering.
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Recent record trading in Indian rupee futures contracts has also driven market participant demand to connect the DCGX, which remains the only exchange that offers the rupee/dollar future contract trading outside of India.
Commenting on the new connectivity, Steve Stewart, Managing Director of EMEA Sales at Trading Technologies, said: “Our new link to DGCX advances TT’s continued growth in the Middle East and greatly expands our international trading community. This partnership further facilitates the distribution of TT to traders in the region, meeting their demands for sophisticated trading technology executed through a secure, reliable infrastructure.”
Gaurang Desai, CEO of DGCX, added: “Through our partnership with Trading Technologies, DGCX traders have access to the TT platform’s fully integrated suite of high-performance trading tools and enhanced execution services. Additionally, TT’s ease of deployment, high-speed network and on-the-go access deliver great value to our futures traders, many of whom work remotely.”