DGCX, CBOT Eye Cooperation

DUBAI, 3 November 2005 — The Dubai Gold and Commodities Exchange (DGCX) said on Tuesday it had agreed with the Chicago Board of Trade (CBOT) to look into ways of technical cooperation. DGCX said in a statement it had signed an MOU with the CBOT that “allows for the investigation of cooperative action between the two exchanges in relation to spread margining for certain commodity contracts and sharing of information”. The DGCX will start trading on Nov. 22, 2005 with a 1 kg (2.2 lb) gold futures contract. It will introduce silver futures, gold and silver options and other commodities contracts next year.