The Dubai Gold & Commodities Exchange (DGCX) today announced that Snap Innovations, a multi-asset trading software and services specialist, has become an approved independent software vendor (ISV) on the Exchange.
Singapore-based Snap Innovations has connected its hosted infrastructure to DGCX to deliver low-latency trade execution and algorithm trading, boosting the Exchange’s connectivity with Asian markets. The company will provide customized solutions to the Exchange’s members.
Gaurang Desai, Interim CEO of DGCX said: “We are very happy to welcome Snap Innovations as an independent software vendor on the exchange. Snap Innovations provides innovative trading software which adds to the pool of world-class technology expertise available in DGCX’s growing community. Our partnership with Snap Innovations stems from our commitment to offer our Members access to the world’s leading trading technology solutions. This partnership further boosts our linkages with Asian markets, with which we have been steadily expanding our ties over the last couple of years.”
Snap Innovations partners with more than 10 international brokers and supports Singapore and China exchanges by providing a multi asset system and order execution in line with pre-trade risk constraints to sell-side and buy-side clients. Snap Innovations also provides multiple languages such as Chinese, Bahasa Indonesian and many others on its front end
“We are pleased to provide our customers with hosted connectivity to DGCX, a major exchange in the Middle East with a strong history of growth,” said Ting Shang Ping, CEO of Snap Innovations. “Snap provides connectivity and data feed and trading solutions to Exchanges and markets across the world. Our new partnership with DGCX will further broaden our global market reach. This is a big step for Snap Innovation’s vision to becoming the trading gateway for Middle East to Asia”
Snap Innovations was founded in 2011 by a team of developers who thrives on innovating new technologies to bring greater competitive edge for their users. The company focuses on building trader-focused software and works closely with traders to improve its products. By offering state-of-the-art electronic trading applications, infrastructure and ultra-low latency data networks, Snap Innovations expands its offering of trading connectivity to global futures exchanges. Snap Innovations is also able to provide trading solutions to exchanges in countries with high barriers of entry such as Shanghai Futures Exchange, Dalian Commodity Exchange and Zheng Zhou Exchange.