DGCX Joins Arab Federation Of Capital Markets Committee To Enhance Regional Collaboration

The Dubai Gold and Commodities Exchange (DGCX) has been accepted into the Arab Federation of Capital Market’s (AFCM) Business Development Committee. This inclusion highlights DGCX's expertise in regulatory oversight, risk management, and product innovation, solidifying its role as a key player in derivatives trading and financial market infrastructure within the region.

The AFCM, established in 1978, serves as the main body for Arab stock exchanges. It plays a vital role in promoting collaboration and standardising best practices across the region. By joining the Business Development Committee, DGCX will contribute to initiatives aimed at strengthening regional capital markets.

As part of its new role, DGCX will help coordinate operational rules and regulations governing trading across Arab exchanges. It will also propose legislative reforms to support market activity and develop strategies to increase trading volumes and liquidity. Additionally, it aims to set strategies for developing brokerage and exchange companies' businesses.

Ahmed bin Sulayem, Chairman and CEO of DGCX, stated, "As the largest and most diversified derivatives exchange in the Middle East, DGCX brings deep expertise in market innovation, risk management and regulatory alignment. This recognition not only reinforces our commitment to advancing capital markets across the Arab world but also strengthens Dubai’s position as a leading global centre for commodities and financial services."

DGCX's involvement with AFCM is not new; it already serves on its Audit & Governance Committee. The exchange's participation at the AFCM annual conference in Tunisia further demonstrates its dedication to enhancing regional market structures. Its efforts focus on expanding product offerings and fostering greater collaboration among Arab exchanges.

Encouraging knowledge exchange among Arab exchanges is another key area where DGCX will contribute. By engaging external experts, it aims to enhance market development further. These efforts are crucial for creating a more integrated and efficient regional capital market environment.

DGCX's acceptance into this committee underscores its ongoing commitment to improving regional market frameworks. Through these initiatives, it seeks to play a pivotal role in shaping the future of capital markets across the Arab world.

With inputs from WAM