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8 Mar 2017
We were proud to be the gold sponsor at this years’ Commodity Participants Association of India (CPAI) conference in partnership with our exchange partner Dubai Gold and Commodities Exchange (DGCX) and the Dubai Multi Commodity Center (DMCC) at the end of January.
The theme of the conference was ‘Expanding Global Horizons – Assertive India’ and there were many interesting discussion points that were raised.
India is undoubtedly one of the fastest growing economies in the world, and this conference was held in an attempt to institutionalise the growth of, in particular, commodity traders overseas under one umbrella (CPAI), the apex body of commodity participants in India.
With the recent inauguration of India’s first International Financial Services Center (IFSC) at Gujarat International Finance Tec-City (GIFT City) on 9th January, the conference was well-timed to help inform India-based finance organisations on the profitable opportunities available to them when trading internationally via Dubai.
As Gautam Sashittal, CEO at DMCC summarised during the event, “the UAE and India partnership is a great example of how strong collaboration delivers in practical terms. It is by coming together at events like these, we can address opportunities and unlock them; as well identifying challenges to find ways to succeed. Together. As one connected marketplace.”
One of the panel discussions during the conference asked ‘Can Indian entities be the next largest global brokerages?’, a relevant discussion point with huge weight behind it. For example, the positive support for INX – India’s first International Exchange – from the Indian government reinforces the notion that Indian firms are becoming serious global players and, with one of the fastest growing economies in the world, have every possibility of becoming the next largest global trading firms.
In line with the economic growth, the demand for low-latency connectivity in India from HFTs (high frequency traders) and brokers has also been incessantly growing in recent years.
To support this growth and enable Indian firms’ global trading strategies, we launched our ‘Mumbai Connect’ service in 2016 which offers ultra-fast, flexible connectivity into and out of India to major global markets.
Overall, the conference was well-attended and rich with insight into the future of international trade opportunities in India. As we continue to follow the local developments, make sure you stay up-to-date by joining us on social media. Join us on LinkedIn and Twitter.
If you are interested in finding out more about the Indian global trading landscape and how it will develop in the future, or would like to learn more about how we support a growing number of Indian clients, please get in touch.
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