The city has historically been an international hub for the physical trade, not only for gold, but also many other commodities. Hence, a visit to the Dubai Gold & Commodities Exchange (DGCX) was a must for the students of PG Global Finance & Bachelor of Business Economics - to understand its role and process in the UAE with regional and international contexts. The visit happened on 23rd March 2017.
Established in 2005, DGCX was the region’s first commodity derivatives exchange and has today become the leading derivatives exchange in the Middle East. Students learnt that DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate. It does so by providing the appropriate physical and financial infrastructure, market, and services required. The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries, bringing a wealth of experience and expertise to ensure the success of DGCX.