Dubai, 18 November 2024: Fastmarkets, a leading cross-commodity price-reporting agency, is pleased to announce a strategic partnership with Gulf Mercantile Exchange (GME). The two organizations have signed a Memorandum of Understanding (MOU) to explore a collaboration aimed at enhancing risk management tools for the regional commodities market. This partnership will focus on critical commodities and work toward advancing commodity risk management, market transparency, and educational initiatives.
The collaboration between GME and Fastmarkets will cover various areas, including the development of new commodity derivatives, indices, and hedging instruments designed to meet the specific needs of regional markets. In addition, the partnership will prioritize promoting education and fostering industry dialogue by organizing networking events, seminars, and workshops focused on commodity trading, risk management, and pricing strategies.
As the region experiences rapid expansion, driven by increased investment in infrastructure and the diversification of the economy, Fastmarkets is poised to play a vital role in providing the essential tools and insights required to effectively navigate this growth.
“We are excited to partner with Fastmarkets to introduce innovative solutions to the regional commodities market,” said Ahmad Sharaf, Chairman of GME.
Fastmarkets is at the forefront of industry innovation, consistently delivering comprehensive solutions that meet the evolving needs of the commodities sector. The company ensures its clients have access to reliable data and tools for informed decision-making. With a commitment to regional support, Fastmarkets is driving growth and fostering a resilient commodities market that aligns with local demand and unlocks new opportunities for economic development and trade.
Raju Daswani, CEO of Fastmarkets, added, “This partnership marks a significant milestone in supporting the growth and development of the regional commodities market. We look forward to working together to achieve our shared goals and deliver valuable outcomes for our stakeholders.”
