Israelis can trade on DGCX now – GulfToday

SourceGulf Today
SectorOil & Gas

The new move allows the DGCX to introduce its diversified global products and services.

The Dubai Gold & Commodities Exchange (DGCX) on Sunday announced that it has received a permit from the Israel Securities Authority (ISA), enabling qualified Israeli corporations who trade on proprietary basis to become members of the DGCX and to use its trading services and platforms. Israeli members will also then have access to act as market makers on the DGCX platform.

The move allows the DGCX Group to introduce its diversified global products and services, including Futures and Options Contracts that cover precious metals, energy, equities and currency sectors – within Israel – as it continues to expand its role as the leading Middle East exchange for trading of derivatives.

Les Male, CEO of DGCX, said: “The strengthening of ties and opening up of markets between the UAE and Israel represents an incredibly more...