DGCX Collaborates with AFCM to Boost Regional Capital Market

Facebook
Twitter
LinkedIn
JLT - Gold Tower night. Image courtesy: DGCX
JLT - Gold Tower night. Image courtesy: DGCX

The Dubai Gold and Commodities Exchange (DGCX) has announced its acceptance into the Arab Federation of Capital Marketโ€™s (AFCM) Business Development Committee. The appointment reflects DGCXโ€™s expertise in regulatory oversight, risk management and product innovation, reinforcing its position as a leading regional player in derivatives trading and financial market infrastructure.

The AFCM, established in 1978 as the principal body for Arab stock exchanges, plays a critical role in enhancing collaboration and standardising best practices across the region. By joining the Business Development Committee, DGCX will contribute to key initiatives that strengthen regional capital markets, including:

  • Coordinating operational rules and regulations governing trading across Arab exchanges.
  • Proposing legislative reforms to support market activity.
  • Developing strategies to boost trading volumes and liquidity.
  • Setting strategy to develop business of brokerage and exchange companies.
  • Encouraging knowledge exchange among Arab exchanges.
  • Engaging external experts to enhance market development.
Image: DGCX and AFCM Official websites
Image: DGCX and AFCM Official websites

Ahmed Bin Sulayem, Chairman and Chief Executive Officer of DGCX,commented: โ€œDGCXโ€™s appointment to the Business Development Committee of the Arab Federation of Capital Markets underscores our pivotal role in the regionโ€™s financial and commodities landscape. As the largest and most diversified derivatives exchange in the Middle East, DGCX brings deep expertise in market innovation, risk management and regulatory alignment. This recognition not only reinforces our commitment to advancing capital markets across the Arab world but also strengthens Dubaiโ€™s position as a leading global centre for commodities and financial services.โ€

DGCX has been an active member of the AFCM and is serving on its Audit & Governance Committee. Already underway with its participation at the AFCM annual conference in Tunisia, the Exchangeโ€™s contribution to the Business Development Committee underscores its ongoing commitment to enhancing regional market structures, expanding product offerings and fostering greater collaboration across the region.

This development also elevates the profile of the Dubai Commodities Clearing Corporation (DCCC), DGCXโ€™s clearing house, which plays a crucial role in ensuring financial stability and risk mitigation in derivatives trading.

With this strategic step, DGCX reaffirms its leadership in financial markets across the Arab world, contributing to an integrated, transparent and globally competitive regional trading environment.

Source

Share.

RELATED POSTS

Michael Chan, CEO of Zand. Image courtesy: Zand
Klickl International Partners with Zand Bank to Boost Digital Asset Innovation
This strategic partnership aims to bolster export credit insurance capacity, facilitating greater support for exporters and investors navigating the global market. Image Courtesy: ICIEC
ICIEC Signs Reinsurance Agreement With CAGEX
Said Mohamed Al-Aufi, Chairman of Sohar International. Image courtesy: Sohar International
Sohar International Onboards Mr. Abdul Wahid Mohamed Al Murshidi as CEO

LATEST POSTS

3
Image Courtesy: By MEFIC Capital
Emirates NBD has signed a Memorandum of Understanding with Fidelity International. Image courtesy: Emirates NBD
Headquarter in Abu Dhabi. ADNOC is one of the largest oil company. Image used for illustrative purpose. Image courtesy: Getty Image/ Marco Curaba Getty Images