JRG to organise 'Commodities Summit' in Dubai

Kochi, Nov 14 (UNI) Leading Indian brokerage house JRG will organise a 'Commodities Summit' in Dubai on November 18 to discuss the emerging investment opportunities in the commodities futures market.

Addressing a press conference here last night, JRG Managing Director Reji Jacob said that this would be the first ever commodities summit in Dubai.

The main objective of the summit was to give an insight into commodity futures trading through the Dubai Gold and Commodities Exchange (DGCX) to the large number of NRI clients and other nationals in the Middle-East.

Vice-Chairman of DGCX Jignesh Shah will launch UAE's first Mobile Trading (M-Trade) ) Platform in DGCX during the summit.

Mr Jacob said JRG had an exclusive tie-up with Financial Technologies Middle East for providing the M-Trade facility to the global investing public.

He said that JRG had already successfully implemented the system in India, where more than 1,000 clients were trading on the M-Trade platform.

Company Executive-director Giby Mathew said the system allowed investors to get connected using their mobile handsets and see the market rates, enter/modify/cancel orders, view their positions and transactions through a secure encrypted channel.

More than 500 delegates, including NRIs and foreign investors, will participate in the summit, he added.

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