TCS Partners with DGCX to Modernize Derivatives Market Infrastructure
TCS partners with Dubai Gold & Commodities Exchange (DGCX) to modernize its market infrastructure with an integrated trading, clearing, and surveillance solution. This collaboration aims to enhance operational efficiency, accelerate new product development, and support expansion into emerging asset classes.
This is a significant partnership for TCS in the Middle East financial market infrastructure sector, potentially leading to future business and showcasing their technological capabilities. For DGCX, it represents a crucial step in modernizing their operations.
The partnership is expected to modernize DGCX's market infrastructure, leading to enhanced operational efficiency and new product development, which is a positive development for both companies.
Tata Consultancy Services (TCS) has entered into a strategic partnership with the Dubai Gold & Commodities Exchange (DGCX) to modernize and future-proof its market infrastructure. This collaboration aims to implement a next-generation integrated trading, clearing, and surveillance solution.
The transformation program will equip DGCX with a more flexible technology foundation to support future growth, enhance operational efficiency, and accelerate new product development. It will also bolster DGCX's responsiveness to the evolving needs of regional and international market participants across various asset classes.
TCS will deliver a comprehensive platform by integrating TCS BaNCS™ for Market Infrastructure for central counterparty clearing, Quartz™ for Surveillance to detect market manipulation, TCS BaNCS Securities Trading for trading across assets, and TCS' Quartz Gateway for market connectivity, complemented by generative AI-powered analytics. These solutions are part of TCS' BFSI Products and Platforms group.
Ahmed Bin Sulayem, Chairman and CEO of DGCX, highlighted that this partnership will build the technology foundation for the exchange's next stage of growth, strengthening its offerings and capacity for new products. R. Vivekanand, President of BFSI Products and Platforms at TCS, emphasized TCS' expertise in delivering mission-critical solutions for global markets, positioning the company to support DGCX's transformation journey.
The new platform will support DGCX's diverse derivatives products and provide the infrastructure for expansion into emerging asset classes like crypto and tokenized assets. This initiative follows DGCX's recent product innovations, such as the Gold Spot T+0 Contract launched in June 2026.
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Tata Consultancy Services Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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