UAE – Mubasher: The Dubai Gold & Commodities Exchange (DGCX) and the Multi Derivatives Exchange Nepal (MDX) have signed a memorandum of understanding (MoU) to promote collaboration and knowledge exchange in areas of mutual benefit between the two parties.

The MoU will see both entities working jointly in areas of shared interest, including trading, clearing, settlement, delivery of contracts, compliance and surveillance, contract design and pricing, technology, and risk management, according to a press release.

Accordingly, the DGCX and the MDX will host workshops and meetings to encourage and boost cooperation between the exchanges.

The agreement was signed by CEO of DGCX Les Male and the coordinator of MDX Dipak Raj Pandey at the DGCX office in Dubai during a ceremony attended by senior representatives from both sides.

Les Male commented: “This agreement comes in accordance with our vision to expand our knowledge base, and foster more collaboration in the industry and across borders. At DGCX, we are always looking for innovative ways to develop and enhance our offering, and we are confident that this partnership will lead to a successful and fruitful outcome that is mutually beneficial to both parties.”

It noteworthy to mention that the MDX is a proposed derivatives exchange in Nepal that has applied for a regulatory license from Securities Board of Nepal (SEBON) to operate a commodities and derivatives exchange.