The Dubai Gold and Commodities Exchange announced a series of measures to ensure the continuity of its business, in light of any possible developments, to ensure the flexibility of the service and its availability across all trading and clearing platforms.
According to ArabiaNet, the Dubai Gold and Commodities Exchange, in a press release, stated that it is in the context of its keenness to respond to the emerging Cornna virus (Covid-19), in line with the directives of the UAE government and the World Health Organization, the Dubai Gold and Commodities Exchange decided to implement new measures to ensure The safety and welfare of its employees and visitors to the stock exchange, as it imposed travel and meeting restrictions, in addition to dividing employees into small work teams and distributing them in different locations.
However, the Dubai Gold and Commodities Exchange continues to operate normally through trading and clearing platforms, while providing safe and reliable services to members and their clients regarding price discovery and risk management operations.
In light of the strong activity witnessed by the market, the Dubai Gold and Commodities Exchange confirmed its full commitment to continue providing its services as usual. The Stock Exchange does not expect any change to the usual trading or clearing activities, but in the event of any change, it will be reported upon a market notice.
It is noteworthy that the DGCX was established in 2005 as the first exchange for commodity derivatives in the region and the only one that allows traders to settle transactions within the Gulf region.
