Cinnober Financial Technology AB: DGCX’s New Trading Platform Goes Live

  Cinnober Financial Technology AB: DGCX’s New Trading Platform Goes Live

Business Wire

STOCKHOLM -- March 12, 2013

· Advanced trading and clearing platform will enable DGCX to expand product
offerings and attract new traders

· The new platform facilitates greater efficiency and liquidity in the DGCX
marketplace by offering ultra-fast matching and real-time clearing

· Provides a new risk management benchmark worldwide by integrated trading and
clearing in real-time

Dubai Gold & Commodities Exchange (DGCX) today announced that its new trading
platform, the EOS Trader Platform, has gone live. The activation of the EOS
Trader Platform marks the completion of DGCX’s new technology infrastructure.

The advanced platform will provide DGCX’s growing Member community with
superior transaction speeds, more efficient means to access liquidity, higher
reliability, enhanced trading flexibility and global connectivity. The upgrade
will provide low latency network access, world-class risk-management,
surveillance and clearing capabilities.

In 2012, the Exchange partnered with Cinnober, one of the world’s leading
trading technology providers, to develop an advanced technology platform
designed to support DGCX Members’ increasingly sophisticated trading
requirements. DGCX’s internal expertise, combined with Cinnober’s cutting-edge
technology and skills, will enable the Exchange to enhance its competitiveness
and support its vision to transform the region’s derivatives market.

The new technology gives the Exchange the ability to offer contracts in
multiple currencies including UAE dirhams – making it possible for users to
provide quotes in multiple currencies. DGCX will also be able to offer 24-hour
market support on the new platform, enhancing the value it offers Members and
also in attracting new business opportunities from retail, institutional and
high-frequency traders (HFTs).

Gary Anderson, CEO of Dubai Gold & Commodities Exchange said: “We are
delighted to have completed the implementation of our new technology
infrastructure. The feedback we have received from our Members and the wider
trading community has been very encouraging. The new trading technology
provides cost effective services and enables Members to place, cancel and
modify all their orders quickly, substantially enhancing overall efficiency
and reducing risks. DGCX has ambitious growth plans and we are confident that
the new platform will support the expected volume growth and the launch of new
and innovative products on the Exchange.”

The core trading and clearing applications of DGCX’s new technology
infrastructure are built on Cinnober’s TRADExpress platform, a multi-asset
solution that delivers market-leading functionality, speed and throughput

Commenting on the successful implementation of the project, Veronica
Augustsson, CEO of Cinnober, said: “The new customized exchange platform,
including trading, clearing and surveillance, will provide DGCX Members with a
cutting-edge trading interface and state-of-the-art functionalities, and most
importantly will enable them to monitor risk in real time. We are proud that
our strategic collaboration will support DGCX’s leadership role in developing
and shaping the regional derivatives market.”

About DGCX

Established in 2005, DGCX is the region’s first derivatives exchange and the
only one allowing participants to clear and settle transactions within the
Gulf region. The Exchange has played a pioneering role in developing the
regional market for derivatives. DGCX is a Dubai Multi Commodities Centre
(Dubai Government) initiative in partnership with Financial Technologies
(India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an
electronic commodity and currency derivatives exchange with 230 members from
across the globe, offering futures and options contracts covering the precious
metals, energy and currency sectors. For more information:

About Cinnober Financial Technology AB

Cinnober provides mission-critical solutions and services to leading trading
and clearing venues, including exchanges, clearinghouses, banks and brokers.
Cinnober’s solutions are based on the TRADExpress™ Platform incorporating
everything needed for mission-critical solutions in terms of performance,
robustness and flexibility. The portfolio of offerings includes price
discovery and matching, real-time risk management, clearing and settlement,
index calculation, data distribution and surveillance. Cinnober’s customers
include Alpha Exchange, Borsa Italiana, BM&FBOVESPA, Burgundy, Deutsche Börse,
Dubai Gold & Commodities Exchange, Eurex, Hong Kong Mercantile Exchange,
London Metal Exchange, LME Clear, Markit BOAT, NYSE Liffe, Stock Exchange of
Thailand and Quadriserv. For additional information, please visit

This information was brought to you by Cision


Cinnober Financial Technology
Fredrik Backlund Head of Corporate Communications
Tel. +46-(0)73 403 12 39
Madyan Jabr Manager – Marketing & Communications
Tel. +971-4 3611614
Promoseven Weber Shandwick PR
Baiju Francis/Dhynya Isaac
Tel. +971-4 321 0007
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