What is the DMCC?
He Dubai Multi Commodities that the Iraqi dinar currency to attract his attention, pointing out that the quality of the Chinese currency of currencies that can not be excluded
The CEO of the Dubai Multi Commodities Ahmed bin Sulayem, in a press statement to the newspaper (statement of economic) that Borse Dubai Gold and Commodities looking forward to the inclusion of decades new currencies meet the needs of the market, pointing out that the focus of attention for these products is focused on adding more volumes and values trading , given that brokers and members are looking forward to seeing the large volumes of trading.
He added that if the Russian ruble on the top priorities of the members of the stock exchange, we will be lucky to look in this matter, and that the Iraqi dinar currency to attract our attention, however, pointed to the inclusion of such currency since the first month of the founding stock market is wrong.
In response to a question on the possibility of including currency yuan Chinese, he replied by saying that this currency is not the quality of the currency that can be excluded, they are a strong currency represents the economy a big country, and pointed out that China’s entry into the global market has come recently, and that he personally as Chief Executive Officer of DMCC Multiple need to be sure the availability of knowledge among the members and brokers how to deal with this type of currency.
For his part, counting CEO of Borse Dubai Gold and Commodities Gary Anderson, the goal of the development of derivatives trading in the Middle East that reflects the influential role and it is important for the markets of the Middle East in the higher levels and trading volumes, and demonstrated that by pointing out that more than 80% of trading volumes in the stock market comes from the Middle East.
He pointed out that stock market is looking forward to the launch of initiatives and new products designed to attract new members from different sectors and geographical areas around the world, as the number of members of the stock exchange to 264 members by July of this year, and expressed his belief that the new initiatives will lead to more diversity customer base in the stock market.
In the same vein, the values of Iskandar Najjar, General Manager of Bari Middle East Middle direction bourse towards the expansion of the range of investment products that can be traded on the stock exchange that will certainly help in promoting growth, and demonstrated, however, that trading volumes in gold mining stocks rose the equivalent of 172% During the past six months, despite global market conditions remain difficult throughout this period, stressing that he did not see any reason why Borse Dubai Gold and Commodities continue to perform well.
He noted that last year alone, saw the launch of some products and new initiatives for trading, such as futures contracts for copper, and options Indian rupee, and the extension of trading hours, and the launch of the first Academy of derivatives trading in the Middle East.