DGCX boosts global connectivity with Stellar Trading Systems

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."