RTS Realtime Systems has enhanced its network coverage by setting up its first Middle Eastern data center. The new data center will be co-located with UAE’s largest commodity exchange, the Dubai Gold & Commodities Exchange (DGCX), in a move that comes on the back of a significant amount of growth in trading volumes at the exchange and an increasing demand for low latency automated trading solutions for Middle Eastern based traders.
Dubai’s DGCX is the leading commodities trading venue covering the Middle East and South Asia (several Indian firms are registered members). UAE’s establishment as a regional financial hub means the gulf nation has developed the necessary infrastructure to operate in fast-moving and developing financial markets. RTS previously connected with the DGCX via brokerage firm GTL in 2011, offering its Tango solution.
RTS CEO Steffen Gemuenden said in a statement to the press: “Two years ago, we were delighted to forge a successful partnership in the Middle East with DGCX by providing connectivity and our popular RTD Tango algorithmic trading solution to this market. With the new data center, we’re taking the partnership with DGCX to the next level – enabling our common clients in Asia, the U.S. and Europe to have ultra-low latency access to DGCX. Clients can soon leverage our full range of Tango solutions in this co-located environment to maximize their trading strategies.”
New CFDs Now Available for SuperForex ClientsGo to article >>
The DGCX was set up in a joint venture between the DMCC and Financial Technologies in 2005. The DGCX has revolutionized the once dessert nation into a global competitive market place. In March 2013, the DGCX partnered with Emaar Technologies, a subsidiary of Emaar Properties, to provide the commodity bourse with a secure and reliable data center space to host the exchange’s infrastructure.
The DGCX has opened up its data center to independent software vendors (ISVs) registered with the exchange. The exchange has offered members and ISVs the benefit of co-locating their hardware within the exchange’s data center since 2009 and is the only exchange in the Middle East to offer such a facility.
The DGCX extended its facility to Indian based Omnesys, a software vendor in financial markets, the technology firm was allowed to co-locate in the DGCX data center in order to reduce latency and offer faster access to the DGCX markets via its multi-asset, multi-venue trading system Omnesys NEST, trading platform. This will in turn allow DGCX members and their clients to trade faster and more efficiently using NEST.
Wael Salem, founder of PhorX Solutions, a B2B consultancy firm that supports new entrants in the FX & CFD market place, said in a comment to Forex Magnates: “The DGCX is on its way to becoming the preferred trading venue in the Middle East for commodity and currency futures trading, the new data center will provide improved trading conditions to the growing number of automated and algorithmic traders who are looking for low latency and efficient trading conditions.”