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HSBC joins in Dubai gold rush on DGCX

08 May 2006

Dubai Gold and Commodities Exchange (DGCX) has announced that HSBC has been approved as a precious metals trade member of the exchange.

Exchange chairman Colin Griffith said that the new membership was an indication of...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.