Dubai Gold & Commodities Exchange
Richcomm is a leading Broker and Clearing Member of the DGCX
Our business is to look after our diverse client base from local and international hedgers, speculators, arbitrageurs, etc. for hedging price risks, algo-traders, day-traders, speculators looking to diversify their portfolio etc...
Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions ﬁrst commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East, providing the right products, at the right price and the right time.
DGCX is an initiative of the Dubai Multi Commodities Centre (DMCC).
DGCX oﬀers the unique advantage of being located in the Middle East, one of the world's largest areas of ﬁnancial liquidity.
Dubai oﬀers a strong, stable government and a balanced, world class regulatory framework. With a zero tax environment and free trade zones oﬀering 100% ownership, it has become the entry point for much of the Middle East's liquidity and trade activity.
Beneﬁts of Trading on DGCX
Our range of futures contracts oﬀers participants of the physical commodities markets, such as producers, manufacturers and end users, with a sophisticated means of hedging their price risk exposure. Such price risk management has previously been unavailable to producers in the Middle East. In addition, DGCX oﬀers trading opportunities to ﬁnancial communities and investment houses in both the Middle East and around the globe who wish to access the growing asset class of commodity and currency derivatives.
Guaranteed settlement and reduced counterparty risk provided by Dubai Commodities Clearing Corporation (DCCC), a subsidiary 100% owned by DGCX.
The advantage of transacting and clearing business within the UAE and thus the local taxation and regulatory regimes.
A simple fee structure - one fee for all participants. All participants also pay the same margin, whether commercial or non-commercial entities.
An opening to both regional and international liquidity pools.
Uninterrupted trading hours from 7:00am-12:00am.
Regulated by the Emirates Securities & Commodities Authority (SCA).