Fimat International Banque SA (UK Branch) has become a member of the Dubai Gold & Commodities Exchange (DGCX). The DGCX, the world’s newest online commodities derivatives exchange, is the first international commodities derivatives market in the Middle East region and, therefore, the first in the critical time zone between the markets of Europe and the Far East.
Fimat, which is already a member of 44 derivatives exchanges and19 stock exchanges worldwide, says it will now be able to provide clients with access to the fast growing Middle Eastern commodities markets, with a focus on the core countries of UAE, Qatar, Oman, Kuwait, Bahrain and Saudi Arabia.
“Dubai has historically been considered the centre for commodities trading not only in the Gulf but also in the Asian subcontinent and Africa,” says Patrice Blanc, Chairman & CEO, Fimat Group. “We are therefore delighted to add DGCX to our list of exchange memberships to further expand Fimat’s international presence. By opening up the Middle Eastern markets to our clients we are yet again underlining our commitment to providing a truly global service.”