Nanhua Futures (Hong Kong), a wholly-owned subsidiary of Nanhua Futures, a leading Chinese overseas futures company, has been approved as a broker member of the Dubai Gold and Commodities Exchange (DGCX).

Nanhua Futures (China) has been actively involved in both commodity and financial futures brokerage services, since its establishment, said a statement.

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.

Gaurang Desai, interim chief executive officer 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.”

David Luo, general manager of Nanhua Futures and CEO of Nanhua Futures (Hong Kong), said: “We are delighted to join DGCX as a broker member as this will expand our reach to the Middle East and North African (Mena) 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.” - TradeArabia News Service