Dubai based GTL Trading has announced its recent inclusion in DGCX monthly Top Ten Broker Clearing member by volume. It is indeed great news and it establishes our commitment toward Dubai Gold and Commodities Exchange and trust in its regulatory, technology and the future of commodity investment business overall.

Mr. P.S. Joseph Chief strategic Office said “We are very much satisfied with this achievement as it just came in no time; we implemented algorithmic technology solution three week back which worked excellent and lead us to be in top ten broker clearing member list. This establishes our commitment and expansion plans across the world”

GTL participation recently at Jordan Forex Expo has proved its commitment as an investor friendly forex, CFDs, futures and option execution provider with its innovative and personalized product line and investor friendly, efficient client service. Speaking at the event Mr. Kim Gil Head of Dubai Operations said “It is always important for GTL management to frequently meet the investor community to understand the market needs and come up with best solution and product line which can fill the gap; this is the strength of GTL”.

Industry expert and expo attendees have regarded GTL as one step ahead with its collaborative services and robust technology to accommodate the requirements from small investor to larger corporate. With its financial and technology strength GTL is serving its clientele worldwide, in order to provide efficient customer service GTL has strategically located offices around the world with professional client service team to help clients meet their goals.

Traders who utilize GTL’s service experience the ultimate transparency, security and reliability to get the information needed to achieve results. The prime features of GTL Online trading systems, a fast order execution and tight spreads and liquidity. The customer has a wide range of services to choose among, including foreign exchange, precious metals trading, FX futures – commodities - energies (OTC), equity indexes and other services.

GTL Trading DMCC as Broker Clearing Member of DGCX is authorized to provide clearing service to other non clearing broker on DGCX. We can provide experience and technology with full understanding of the rules and regulation and operational obligations of DCCC (Dubai Commodities Clearing Corporation). Now your brokerage house as an non-clearing member can clear business through GTL with rang of added services by enabling them to focus more on expanding their clientele base, while letting GTL take care of clearing and settlement. This function includes ensuring that every trade has an appropriate counter-party, paying and collecting funds as a result of trading and with the arrangement delivery.

Some positions held past 5PM EST (New York time) will be subject to Cost of Carry charges/credits as detailed in the "Reference Prices" window of your trading platform. This cost is set at 0% to 8% per annum of the notional value of the position, depending on the product. Individual shares are charged 8% per annum for long positions and 2% per annum for short positions.

Overnight carry charges for Standard Forex trading are indicated in the "Currency Reference Rates" or "Instruments" window of the trading platform, but quoted directly in dollars per lot per day (Euros per lot per day for Euro-denominated accounts). The average cost is about $5 per lot per day, or about ¹/2 pip per day, for currencies. Clients can pay or receive this amount, based on their margin settings.

The development of sound commodity financing tools is a central part of this process. Hence GTL being members of DMCC is offering an innovative and exciting product to facilitate the growth of commodity trade finance and risk management - the Dubai Commodity Receipt (DCR).