The crisis in the global economy has inevitably exposed the weaknesses in traditional financial structures, and investors are increasingly drawn to trading on futures markets as a hedge against risk.
The allure of gold - particularly in the Middle East and the Indian sub-continent is well understood, and gold prices have consistently demonstrated the continued demand for it.
Dubai Gold and Commodities Exchange (DGCX) was formed in November 2005 as an initiative of the Dubai Multi Commodities Centre (DMCC). The objective was to provide a local trading platform for commodity market users. The DMCC's charter was to create and encourage all forms of commodity trading business, using Dubai as a centre.
Malcolm Wall Morris is a commodity derivatives market specialist, and has been the chief executive of the Dubai Gold and Commodities Exchange since 2007. Prior to joining the DGCX, Wall Morris was Head of Business Development, Commodity Products, at Liffe, which is the derivatives business of NYSE Euronext.
