Dubai Gold '&' Commodities Exchange (DGCX) today announced its partnership with German firm Structured Solutions AG, an integrated service provider in the derivatives sector, to launch a series of benchmark indices that track commodity underlyings.
As per the agreement signed this week, Structured Solutions will create new commodity indices based on DGCX commodity prices primarily targeted at the global investment banking and fund industry. The exchange is the first in the region to customize futures prices into indices.
"Indices are valuable financial tools for identifying trends and assessing investment performance,ā€¯ said Malcolm Wall Morris, Chief Executive Officer of DGCX.
Services offered by Structured Solutions include conception, development and calculation of indices. The company markets its indices around the world, including the Middle East region, and cooperates with various stock exchanges and index providers in Europe and Asia. - Emirates News
Agency, WAM
RELATED ARTICLES
DGCX January 2012 volumes jump 95% from 2011 - 08 February 2012
DGCX last year annual volumes rise to over 4 million contracts - 05 January 2012
DGCX surpasses the three million contracts mark in 2011 - 23 October 2011
DGCX Indian Rupee Options Contract to be available for trading from September 26 - 26 September 2011
DGCX monthly volume hits new record in Aug - 07 September 2011
RETURN TO MAIN NEWS PAGE | WAM
UP TO THE MINUTE NEWS
Home
