October 24, 2016 4:12 PM ET

Capital Markets

Company Overview of Dubai Gold and Commodities Exchange

Company Overview

Dubai Gold and Commodities Exchange operates as an electronic commodities and derivatives exchange in the Middle East. Its futures products include gold, silver, currency, fuel oil, Indian rupee, steel, plastics, WTI light sweet crude oil, and Brent crude oil. The company also provides options and contract specifications. In addition, it engages in providing clearing and settlement, and risk management functions. Dubai Gold and Commodities Exchange was founded in 2005 and is based in Dubai, United Arab Emirates.

Emaar Business Park

Building No. 2, Level 1

Sheikh Zayed Road (Near Interchange 5)


United Arab Emirates

Founded in 2005


971 4 361 1616


971 4 361 1617

Key Executives for Dubai Gold and Commodities Exchange

Chief Executive Officer
Chief Financial Officer
Head of Soft Commodities
Chief Technology officer
Chief Business Officer
Compensation as of Fiscal Year 2016.

Dubai Gold and Commodities Exchange Key Developments

Dubai Gold and Commodities Exchange Reports Operating Results for the First Quarter of 2016

Dubai Gold and Commodities Exchange reported operating results for the first quarter of 2016. First quarter volumes grew 37% from the same period last year, trading more than 4.5 million contracts. Average Daily Volumes in the first quarter reached 72,306 contracts, recording a significant growth of 39%.

Dubai Gold and Commodities Exchange Collaborates with Pakistan Mercantile Exchange

The Dubai Gold & Commodities Exchange and the Pakistan Mercantile Exchange Limited announced that they have agreed to create a forum to work together, share information, and bridge connections between the financial markets of Pakistan and UAE. The arrangement with PMEX will enable DGCX to develop a better understanding of Pakistan's derivatives markets at a time when these markets are evolving rapidly and the economy is on a growth trajectory. This development adds to the extensive list of collaboration efforts DGCX has previously inked, with the aim of expanding their international outreach to financial institutions around the globe.

Dubai Gold and Commodities Exchange Appoints Gaurang Desai as Chief Executive Officer

Dubai Gold and Commodities Exchange (DGCX) has announced the appointment of Gaurang Desai as the Chief Executive Officer. As one of the founding members of the team that set-up DGCX in 2005, Gaurang is ideally positioned to take the Exchange to its next stage of development. Gaurang was previously Chief Operating Officer of DGCX, before being appointed as Acting Chief Executive Officer in August 2014.

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