Trading of Dubai Gold Securities (DGS) on NASDAQ Dubai reached 8,761 securities in the third quarter of 2011, an increase of 1,280% from the first two quarters of the year combined.
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 Dubai Financial Market on October 10, 2011 in order to facilitate access by DFM's retail investors. NASDAQ Dubai's equities have traded successfully on DFM's platform since July 2010.
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