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A memorandum of understanding was signed between DGCX and ABN AMRO this week, naming ABN AMRO Clearing Bank N.V. as a Special Clearing Member for Dubai Commodities Clearing Corporation (DCCC), which is a wholly owned subsidiary of DGCX. The partnership will now enable DGCX members to process their clearing obligations for the trades executed on the exchange with the ABN AMRO, which covers 90 of the world’s leading exchanges across Europe, the Americas and Asia Pacific.
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ABN AMRO will be among the few clearing banks of DGCX, the Middle East’s largest derivatives ... (read more)