DUBAI, UAE, Sept. 4, 2013 /CNW/ - Due to unfolding events in India with
regards to the Financial Technologies Group (FTIL), DGCX would like to
confirm the status of its relationship with the company and its
FTIL Group is a minority shareholder of DGCX and hold 2 of 5 nominated
Board seats. DGCX can confirm that no Director of the Exchange has any
operational responsibility for the running of the Company.
Further DGCX confirms that as of 12 March 2013 the exchange replaced all
FTIL Group supplied Trading and Clearing technology with a new system
'EOS' supplied by Cinnober.
The Dubai Multi Commodities Centre (DMCC) a Government of Dubai entity
is the lead promoter of the exchange and subsequent to a recent share
issue now owns 67% of DGCX.
DGCX is regulated by the Emirates Securities and Commodities Authority
(ESCA) who are fully aware of the exchange's operations.
About DGCX: Established in 2005, DGCX is the region's first derivatives exchange and
the only one allowing participants to clear and settle transactions within the Gulf region. The Exchange has
played a pioneering role in developing the regional market for
derivatives. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies
(India) Limited and Multi Commodity Exchange of India Limited (MCX). It
is an electronic commodity and currency derivatives exchange with 267
members from across the globe, offering futures and options contracts
covering the precious metals, energy and currency sectors. In 2012, the Exchange partnered with Cinnober, one of the world's
leading trading technology providers, and developed an advanced
technology platform (EOS) designed to support DGCX Members' increasingly sophisticated trading requirements. For more information: http://www.dgcx.ae
For further information:
Madyan Jabr, Manager - Communication & Marketing, DGCX, Tel: +971(0)4-361-1614; Email: firstname.lastname@example.org, Or, Baiju Francis / Dhanya Isaac, Weber Shandwick PR, Tel: +971(0)4-445-4222; Email: email@example.com; firstname.lastname@example.org