The Dubai Gold and Commodities Exchange, DGCX, has been recognised as ‘Exchange of the Year’ at the FOW Global Investor MENA Awards 2017.

The award winner is carefully selected from a pool of candidates, based on the exchange’s ability to cater to investors’ demands through derivatives contracts. The award also recognises outstanding performance and product launches that help differentiate the winning exchange from the rest of its peers.

Commenting on the announcement, Gaurang Desai, CEO of DGCX, said, "This is a big achievement for us at the DGCX, and I am grateful for every single colleague, member and partner that has been by our side in this incredible journey. Our drive to continuously deliver excellence, innovation and most importantly confidence to our investors and traders so that they can hedge their risks safely on our platform is what keeps us on our toes and makes our achievements even more meaningful."

In September 2017, the DGCX recorded its highest-ever daily volumes, trading 202,571 contracts with a notional value of US$4 billion. The exchange is also working to launch the world’s first truly Sharia'a compliant 'Spot Gold' contract, tapping into the burgeoning Islamic finance industry. The April launch of the world’s first Yuan denominated Shanghai Gold Futures Contract, providing access to the Chinese bullion market was also a notable accomplishment for the exchange.