UAE based Dubai Gold & Commodities Exchange (DGCX) has enhanced is data coverage by signing up CQG, a financial market data and trading software, as an approved independent software vendor (ISV). The addition of CQG means the DGCX has 12 independent software vendors.
A partnership with an ISV means the DGCX has a wider reach of clients, the ISV can also complement other trading systems in one format. US-based CQG partners with more than seventy Futures Commission Merchants and provides Direct Market Access to more than forty exchanges through its global network of co-located Hosted Exchange Gateways.
Gary Anderson, CEO of DGCX spoke about the new partnership, he said, “we are very happy to welcome CQG on board as an empanelled independent software vendor. CQG is a leading financial technology player and innovator and their highly rated product offering and global market coverage adds to the pool of world-class technology expertise available in DGCX’s growing community. Our partnership with CQG stems from our commitment to offer our Members access to the world’s leading trading technology solutions.”
The partnership allows CQ to expand tis footprint across the Asia and the middle east. “We are well-pleased to provide our customers with hosted connectivity to DGCX, a major exchange in the Middle East with a strong history of growth,” said Mike Glista, CQG’s Director of Order Routing. “CQG’s sophisticated tools offer a high-performance solution to traders seeking to access liquidity in this important emerging market.”
DGCX members now have access to CQG Integrated Client, the company’s flagship platform, or CQG Trader. This high-speed connectivity also enables traders to incorporate DGCX instruments into latency-critical strategies using CQG’s suite of server-side tools, including CQG Spreader, aggregation, and smart orders.
The DGCX recently reached a milestone figure in trading volume, the commodities bourse achieved the formidable $1 trillion in total trading volume since inception eights years ago.