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Our Bureau

Kochi, Feb. 7 JRG Metals and Commodities DMCC, a wholly owned subsidiary of JRG Securities Ltd, executed the first steel futures delivery through the Dubai Gold and Commodities Exchange (DGCX) on Monday.

The delivery was undertaken through the DGCX Steel Rebar Futures Contract. Mr Ahmed Bin Sulayem, Chairman of both DGCX and Dubai Multi Commodity Centre (DMCC), inaugurated the Dubai Commodity Receipt for the Steel Rebar contract.

Mr Liyakat Ali, Managing Director of Sarah Steel Structure LLC, was the first buyer while Mr Ramesh Narang, Director of Al Rama International, was the first seller on the exchange.

Participating in a function to mark the first steel delivery Mr Regi Jacob, Director, JRG Metals and Commodities, said: “JRG is continuously striving to help investors, manufacturers and companies from different industries to enter into this international trading platform and benefit from futures trading by taking deliveries as well as utilising the existing investment and arbitrage opportunities.” The company has been rapidly expanding across India and the UAE and there has also been a good growth in its NRI business.

More Stories on : Commodity Exchanges | Overseas Investments | Steel

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JRG executes first steel futures delivery on Dubai bourse

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