Newedge, a provider of multi-asset brokerage services on a range of listed and OTC derivatives and securities, is now using a Dubai Point of Presence (POP) connection to facilitate access to the Dubai Gold & Commodity Exchange (DGCX). It has been reported that the new fixed line capability significantly improves the reliability and timeframe for processing quotes, trades and market data.
Malcolm Wall Morris, CEO of DGCX, said: Speed and connectivity are paramount to ensuring the seamless execution of derivatives transactions. DGCX already has the unique advantage of being located in a strategic time zone and location between the markets of the West and the Far East. Newedge provides the latest innovative technology for its client base and we are delighted that customers across the globe can now access our contracts via Newedge’s advanced, low latency connectivity.
Commenting on its fixed line capacity, Amaury de Villemandy, CEO of Newedge Europe & Middle East, said: Newedge is a leading and premium choice for exchange-based execution and offers a robust trading platform to a growing base of global clients. Our investment in establishing direct connectivity to DGCX was based on the increased interest among our clients in capitalizing on the commodity and currency trading opportunities offered by the Exchange.
