Object Trading to Provide DMA to Dubai Exchange
The DGCX, the largest commodities exchange in the Middle East, has seen trading volumes double in Q1 of 2013 compared with the same period in 2012. Recent record trading in Indian rupee/US dollar futures contracts has also driven demand to connect the DCGX, which is the only exchange that offers the rupee/dollar future contract trading outside of India.
"Firms looking to expand need to be able to easily integrate new markets with their existing market infrastructure and trading strategies," says Gerry Turner, executive director at Object Trading. "Object Trading's FrontRunner suite provides normalized access for market data, order execution and pre-trade risk constraints across more than 55 global equity and derivatives exchanges. Normalization reduces complexity and removes the resource constraint limitations of adding new markets. Through our integration with the DGCX, we are making it easier for our clients to connect and trade on the DGCX."
"Object Trading has a large number of sophisticated clients who are actively trading across multiple asset classes and regions," says Gary Anderson, CEO of DGCX. "The integration of their FrontRunner direct market access suite with the DGCX exchange environment offers us the opportunity to more easily reach those customers with our unique emerging market value proposition as the first and largest derivatives exchange in the Middle East and North Africa (MENA) region."
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