Trading of Dubai Gold Securities (DGS) on NASDAQ Dubai reached 230 securities in October 2011. The total value of DGS traded in the first 10 months of 2011 reached 1.61 million dollars, up 40% from 1.15 million dollars in the same period last year.
DGS closely track the spot price of gold and are structured products that can be traded on NASDAQ Dubai through a broker, just like equities. DGS are backed by gold in a bank vault and can be held without the inconvenience of holding physical gold.
NASDAQ Dubai outsourced the trading of DGS to the trading platform of DFM in October 2011 in order to facilitate access by DFM’s retail investors.
Craig Hewett, Head of Business Development at NASDAQ Dubai, will discuss investment opportunities in gold as a panelist at the Commodities Week Middle East conference at the Shangri-La hotel, Dubai, on December 6, 2011.
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