The Dubai Gold and Commodities Exchang, DGCX, announced today that Nanhua Futures Hong Kong, a wholly-owned subsidiary of Nanhua Futures (China), the leading Chinese overseas futures company, has been approved as a Broker Member of the Exchange.
Since its establishment in 1996, Nanhua Futures (China) has been actively involved in both commodity and financial futures brokerage services. The company maintains full member status of Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange, and is one of the first companies to gain general clearing member status of China Financial Futures Exchange. With registered capital of 510 million RMB, Nanhua Futures is now recognised as one of the top 10 futures companies in China.
Gaurang Desai, Interim CEO of DGCX, said, “We are excited to introduce Nanhua to the DGCX community as a Broker Member. Nanhua offers comprehensive market views and a range of risk management tools to their members, and its addition to our member base further demonstrates our ability to provide a platform for international brokerages to expand and grow their business in the region. DGCX’s continually expanding product portfolio coupled with its Emerging Market strategy means that the exchange is well positioned to continue to attract international broker members.” “We are delighted to join DGCX as a broker member as this will expand our reach to the Middle East & North African region as well as to the South Asia sub-continent. This collaboration will enable us to provide our members with a secure platform to trade a wide range of regional products. We look forward to growing a strong relationship with DGCX,” said David Luo, General Manager of Nanhua Futures Co. Ltd and CEO of Nanhua Futures Hong Kong Co. Ltd..
Source : WAM News Agency for United Arab Emirates
