DGCX Group appoints ABN AMRO Clearing Bank as clearing member

Dubai: Dubai Gold and Commodities Exchange (DGCX) welcomed ABN AMRO Clearing Bank N.V. as a special clearing member on Dubai Commodities Clearing Corporation (DCCC). DCCC is a wholly owned subsidiary of DGCX and acts as central counterparty for all trades executed on the Exchange.

ABN AMRO Clearing is a global leader in clearing and post-trade services and has a strong client base of active liquidity providers and principal trading groups. ABN AMRO Clearing consistently ranks among the top three clearers in every time zone, based on turnover and market share.

As a Special Clearing Member, ABN AMRO Clearing’s presence will expand and deepen access to DGCX, the Middle East’s largest derivatives market. International trading firms and clients can now use the bank’s global post-trade services to access DGCX. ABN AMRO Clearing’s global footprint and leading service offering allows customers such as proprietary trading groups, hedge funds and algorithmic trading firms to stay globally competitive with low latency strategies.