ABN Amro Clearing Bank has joined the Dubai Commodities Clearing Corporation, a wholly owned subsidiary of the Dubai Gold and Commodities Exchange (DGCX), as a special clearing member. This means ABN Amro clients will now be able to use the bank's global post-trade services to access DGCX.
"ABN Amro Clearing is a global leader in clearing services and its addition to the DGCX community further demonstrates our ability to offer a platform for international banks to expand and build their global footprint in this region,” says Gaurang Desai, CEO of DGCX Group.
ABN AMRO Clearing today has started clearing Eurex FX futures and options for its clients.
The group now provides immediate support for the “classic FX” derivative contracts with attributes including monthly and quarterly expiries, as well as the rolling spot futures product that is now live.
“Our clients have made our decision to support the Eurex FX exchange traded derivatives offering very easy,” says Michael van Dijk, global product manager, FX, at ABN AMRO Clearing. “We consistently post over 20% market shares of transactions cleared on most relevant derivatives exchanges globally.”