Media ININ Economy We Trust
Media IN Dubai 15th-07-2019
The Dubai Gold & Commodities Exchange (DGCX) has signed a Memorandum of Understanding (MoU) with the Multi Derivatives Exchange Nepal (MDX) to enhance their respective commodity trading offering, collaborate and share knowledge on areas of mutual benefit.
DGCX and MDX will host workshops and meetings to further the scale of the alliance and promote strong cooperation between the exchanges.
Under the MoU, DGCX will work closely with MDX in areas of shared interest including trading, clearing, settlement, delivery of contracts, compliance and surveillance, contract design and pricing, technology, and risk management.
MDX is a proposed derivatives exchange which has applied for a regulatory license from the Securities Board of Nepal (SEBON) to operate a commodities and derivatives exchange.
In order to further the scale of the collaboration as well as promote a strong cooperation between the DGCX and MDX, the exchanges will host workshops and meetings.
Commenting on the MoU Les Male, the CEO of DGCX, said: “This agreement comes in accordance with our vision to expand our knowledge base, and foster more collaboration in the industry and across borders.
“At DGCX, we are always looking for innovative ways to develop and enhance our offering, and we are confident that this partnership will lead to a successful and fruitful outcome that is mutually beneficial to both parties.”
“DGCX and MDX share a common goal to follow international best practices and provide innovative derivatives products to our members. The signing of this MoU is a significant step towards productive collaboration, and will allow us to leverage each other’s strengths, knowledge and experiences.” said Dipak Raj Pandey, Coordinator of MDX.
