The Nasdaq Stock Market and Dubai Gold & Commodities Exchange signed on Monday a market technology agreement which obliges Nasdaq to provide DGCX with a full suite of integrated marketplace solutions.
According to the official statement, Nasdaq’s real-time clearing solution will provide DGCX with "high-velocity multi-asset class clearing, settlement and risk management capabilities."
Paul McKeown, SVP and head of marketplace operators and new markets, Nasdaq stated that the company looks forward to "supporting DGCX as they continue to strengthen their position as a leading commodities derivatives exchange and CCP in the Middle East."
