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Mumbai April 3 Financial Technologies (FT) has sold about 1 per cent stake in the Dubai Gold and Commodities Exchange (DGCX) to Dubai Multi-Commodities Centre (DMCC) for $12.5 million (Rs 56.25 crore).

DGCX is an electronic futures and options exchange that utilises trading, clearing and settlement technology developed by the FT Group. DGCX currently lists futures contracts in gold, silver, currencies and fuel oil.

Post the stake sale, DMCC will now hold a 51 per cent stake with the FT Group holding 49 per cent in DGCX, said a FT communiqué on the BSE. Financial Technologies is the promoter and key stakeholder of Multi Commodity Exchange.

More Stories on : Mergers & Acquisitions | Commodity Exchanges

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