The new GTXTrader software provides automated execution for algorithmic trading strategies covering arbitrage opportunities as well as market making commitments. The application provides a single platform for multiple algorithmic trading strategies for trading DGCX commodity and currency derivatives.
GTXTrader deploys multi asset, algorithmic trading techniques for trading on DGCX, designed to meet the stringent trading requirements of GTL's global hedge fund and client base.
Eric Hasham, CEO, DGCX said "We are delighted with this development by GTL which is testimony to their ongoing commitment to and participation in DGCX commodity and currency futures contracts."
Commenting on the technology application, Riaz Mahmoud, CEO, GTL Trading DMCC, said, "As the leading derivatives exchange in this region, DGCX provides differentiated trading opportunities and a low risk clearing framework for local and international participants to execute and clear their commodity and currency futures business. Our newly developed application will meet the requirements of traders worldwide wishing to access the growing asset class of commodity and currency derivatives, within a well regulated, zero taxation framework."
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GTL Trading DMCC develops new Algorithmic Software for trading on DGCX
- United Arab Emirates: Tuesday, November 10 - 2009 at 13:40
- PRESS RELEASE
GTL Trading DMCC (GTL), one of the leading broker members of Dubai Gold & Commodities Exchange (DGCX), today announced that they have developed a new algorithmic trading software, 'GTXTrader', to trade the DGCX commodity and currency futures markets.
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About DGCX:Dubai Gold & Commodities Exchange (DGCX) was established in 2005 and has become today the leading derivatives exchange in the Middle East region. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors.
About GTL Trading DMCC:
GTL Trading DMCC is a broker clearer member and a liquidity provider of the Dubai Gold & Commodities Exchange, featuring amongst the top ten leading clearer members. With an emphasis on superior technology, responsive risk management and personalized client service, GTL Trading DMCC is the chosen clearing firm for financial institutions, hedge funds, proprietary trading groups and professional traders based in Europe and the Middle East.
For further Information, please contact:
Claire Miller
Head of Marketing
Tel: +971 (0)4 361 1625
Posted by Husam OdiabatTuesday, November 10 - 2009 at 13:40 UAE local time (GMT+4)
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