How does DGCX earn its return in terms of membership fees and use of trading platforms?
DGCX has a membership system: $150,000 for broker, $15-30,000 for trading. We all charge for transactions, for which members pay a small amount. Being a new exchange we have lots of income from memberships while volumes are still small, but in our financial model [turnover revenue] will rise significantly in the next few years. In what respects do commodity exchanges differ around the world, and how is DGCX distinguished in this respect? There has never been a commodities exchange in the Middle East; DGCX is the first. We are filling a void. The attributes of an exchange depend on the region in which they operate, so the LME, for instance, focuses on servicing companies operating there. Why does regionality still apply in the electronic age? Could an exchange come along in one location and offer 24-hour trading and dominate the market? In theory it could happen. London was established 50 to 60 years before the New York markets, so there is a continual process of development. I would th
