DGCX Joins AFCM's Business Development Committee for the Progression of Regional Financial Markets
The Dubai Gold and Commodities Exchange (DGCX) has been named a member of the Arab Federation of Capital Market's (AFCM) Business Development Committee, signifying a pivotal move in promoting its role within the region's financial network.
This appointment underscores DGCX's prowess in regulatory governance, risk management, and product development, cementing its standing as a significant player in derivatives trading and financial market infrastructure across the Middle East.
Established in 1978, the AFCM serves as a representation of Arab stock exchanges, working towards the unity of market practices and boosting collaboration within the region. The Business Development Committee, in turn, plays a pivotal role in this mission by creating operational guidelines, advocating for regulatory changes, and formulating strategies to enhance market activity and liquidity.
In its capacity as a committee member, DGCX will support initiatives focused on the development of brokerage and exchange businesses, knowledge sharing, and involvement of industry experts to fortify market frameworks.
Ahmed bin Sulayem, Chairman and CEO of DGCX, stated that the appointment underscores Dubai's growing prominence in global finance and commodities. DGCX is already active within the AFCM, serving on its Audit & Governance Committee and participating in the federation's annual conference in Tunisia. This new role further solidifies the exchange's commitment to regional cooperation and the growth of capital markets.
According to the Enrichment Data, DGCX's involvement in the AFCM Business Development Committee will contribute to the formulation of policies and regulations for trading on Arab exchanges, promote strategics to boost trading volumes and liquidity, encourage knowledge exchange, and engage experts from outside the region to further development initiatives. These initiatives are aimed at capitalizing on global best practices and fostering a robust, competitive regional marketplace.
- The Dubai Gold and Commodities Exchange (DGCX), as a member of the Arab Federation of Capital Market's (AFCM) Business Development Committee, will actively contribute to the formulation of policies and regulations for trading on Arab exchanges.
- In its new role within the AFCM Business Development Committee, DGCX will collaborate on strategies aimed at raising trading volumes and liquidity, as well as promote knowledge exchange across the region.
- The DGCX's involvement in the AFCM Business Development Committee will also focus on engaging experts from outside the region to drive development initiatives and capitalize on global best practices, fostering a robust and competitive regional marketplace for business and innovation in finance.
