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
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