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INTL FC Stone To Serve As Market Maker For DGCX's Sharia Spot Gold Contract

INTL FCStone today announced that its Dubai-based subsidiary, INTL FCStone Commodities DMCC will serve as the market maker for the Dubai Gold & Commodities Exchange (DGCX) Sharia-compliant Spot Gold contract, which will be available for trading beginning on March 29, 2018. The release of this contract is a first for DGCX, and will mark its entry into the Islamic Finance sector. DGCX’s offering will be the first Sharia-compliant Gold product to be listed on a regulated trading platform in the Gulf Cooperation Council (GCC) region. The pending launch comes at an ideal time, as global Sharia investments currently total approximately $2 trillion,...