Dubai: The Dubai Gold and Commodities Exchange (DGCX) and FXCM Group, an international provider of online foreign exchange trading, CFD trading, bitcoin and related services, announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate on launching new and innovative FX products on the DGCX.

Les Male, chief executive officer of DGCX, stated: “It is our aim to ensure that we continue to offer our members and market participants truly innovative contracts, backed by our state-of-the-art technology and clearing house. These contracts must appeal to not only our international participants but also to local banks and trading houses too. This MOU with FXCM is the first step in developing ever more pioneering contracts contributing to the DGCX’s global offerings allowing us to cross-pollinate each other’s diverse client base.”