NASDAQ Dubai said Monday that it intends to migrate the trading of Dubai Gold Securities (DGS) to the DFM X-Stream Trading Platform.
“Clearing, Settlement and Custody of Dubai Gold Securities is not a part of this migration. Gold trades will continue to be cleared and settled on NASDAQ Dubai through the TCS Bancs system,” the exchange said in a statement posted on its website yesterday
NASDAQ Dubai statement said it has received no-objection from its regulator for the migration and intends to go-Live with the changeover to DFM’s trading platform around mid-September 2011. The bourse urged its members to prepare for this migration.
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