UNITED ARAB EMIRATES March 09 2016 5:45 PM
DUBAI (Scrap Register): The Dubai Gold & Commodities Exchange (DGCX) has announced that Stellar Trading Systems, a multi-asset trading software and services specialist, has become an approved Independent Software Vendor (ISV) on the Exchange.
Stellar Trading Systems has hosted its infrastructure at DGCX colocation facility to deliver its market making, low-latency order routing and algorithmic trading solutions to DGCX members. This empanelment will boost the Exchange's connectivity with global markets. The company will provide customized solutions to the Exchange's members.
Gaurang Desai, CEO of DGCX said: "We are very happy to welcome Stellar Trading Systems as an ISV on the exchange. Stellar has a reputation for its high performance products and for having a strong customer community behind them. We welcome their commitment to supporting our markets and feel their cutting-edge trading solutions complement the world-class technology infrastructure provided by the Exchange. Our partnership with Stellar stems from our commitment to offer our Members access to the world's leading trading technology solutions. This enhances our global connectivity which we have been steadily expanding via our ties over the last couple of years."
Steve Thomas, Managing Director, Stellar Trading Systems said, "Stellar's collocation at DGCX offers an ultra-low latency gateway to emerging markets, an area in which DGCX offer outstanding opportunities. With their Indian Rupee Offshore Futures Contract comprising over 30% of the market DGCX are, by some margin, the largest offshore INR futures liquidity pool globally. Stellar is delighted to deploy its spread Machine, Market-Maker, Quantum Server algorithmic engine, and Stellar API products within DGCX, bringing its market leading performance to all within their trading community."