DGCX Approves ZagTrader as an Independent Software Vendor

DGCX Approves ZagTrader as an Independent Software Vendor

Dubai, February 13, 2018: Dubai Gold & Commodities Exchange (DGCX), the region’s largest and most diversified derivatives bourse, has formally announced today its newest approved Independent Software Vendor (ISV) – ZagTrader.

ZagTrader, a Dubai-based technology company specializing in Banking and Capital Markets solutions, has always been at the forefront of the industry in its commitment to offering cutting-edge technology and new venues to enhance its platform. The ZagTrader platform is an integrated end to end platform for asset, wealth and portfolio management with automated workflows, real-time accounting and generates NAV in real-time as well as enhanced drill down reporting covering Front – Middle – Back Office functions. This gives ZagTrader’s clients access to over USD 1.5 billion in daily liquidity across four product suits and over forty-five (45) products.

As part of the ZagTrader’s services, the DGCX market will be available to all of its existing clients with full access to all of its new features, adding to its growing list of empaneled Exchanges in the UAE, including NASDAQ Dubai, Dubai Financial Market (DFM), and Abu Dhabi Securities Exchange (ADX). As well as many other exchanges worldwide offering the capability to trade on various instruments such as Futures, Equities, CFD’s, ETF’s, Options, funds, and new Crypto digital assets.

Gaurang Desai, Chief Executive Officer at the DGCX said: “With ZagTrader joining our list of ISVs, we will be able to further expand our footprint within the UAE and the wider GCC region. This will not only add an exciting layer of option for ZagTrader customers but also ensure that the ecosystem within the GCC becomes more close-knit. We are confident that this development will enable more regional players to access DGCX products and trade on the region’s largest derivatives bourse.”

Shihab Khalil, Founder and CEO said “We at ZagTrader are always on the lookout to grow our product portfolio and introduce new innovative products. Empaneling ZagTrader with the largest derivatives exchange in the region will generate new and diversified markets for our clients, providing them with more flexibility in the products we offer.”

ZagTrader manages the entire lifecycle from portfolio and order management through to trade execution, market making, as well as position and risk management through to securities processing, clearing and settlement for equities, fixed income, FX, commodities, interest rates, credit and structured products (listed and OTC derivatives).

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About DGCX: Established in 2005, DGCX is the region’s leading derivatives exchange and the only one allowing global participants to trade, clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives and financial infrastructure. DGCX is an electronic commodity and currency derivatives exchange with over 200 members from across the globe, offering futures and options contracts covering the precious metals, energy, equities and currency sectors. DGCX is a subsidiary of DMCC (Dubai Multi Commodities Centre), a Dubai Government Authority for trade, enterprise and commodities. For more information: www.dgcx.ae

DGCX also owns and operates the region’s largest and only multi-asset Clearing House – Dubai Commodities Clearing Corporation (DCCC). DCCC is federally regulated by the Securities & Commodities Authority (SCA) and is recognized as a Third-Country CCP by European Securities Markets Authority (ESMA) with over 80 clearers from across the globe. For more information: www.dccc.co.ae

 

Further Information:

Meng Chan Shu

Director of Business Development and Sales

Dubai Gold and Commodities Exchange

Tel: +971 4 361 1660

Email: meng.shu@dgcx.ae

or

Dhanya Issac/Lara Batato

Weber Shandwick PRs

Tel: +971 4 445 4222

Email: dissac@webershandwick.com or lbatato@webershandwick.com

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