Les is the Chief Executive Officer of both the Dubai Gold & Commodities Exchange (DGCX) and the Dubai Commodities Clearing Corporation (DCCC) – the largest and most diversified derivatives Exchange group in the Middle East. In 2019 the DGCX Group traded and cleared USD $866 billion, across four major asset classes; FX, Metals, Equities and Hydrocarbons. The DGCX Group enjoys a global membership base and several International accreditations for the Exchange (DGCX) and Clearing House (DCCC).
Les Male has nearly 30 years’ experience in the Global Commodities industry with particular expertise across Exchanges, risk management and trading systems. As an extensively networked and award-winning business leader with a consistent track record of driving new business and growth, he builds outstanding customer relationships, whilst protecting and growing shareholder returns.
Les joined DGCX in 2018 from Nasdaq where he was responsible for EU/UK client facing activities on the Global Commodities product suite. He started his career managing strategic projects for the UK Network Code, culminating in leading the development of Europe’s first gas spot market (the OCM), he later became Commercial Director at EnMO and then continued in that role for APX-Endex. In 2010 he became the European Managing Director for the Green Exchange, a US backed venture for global carbon trading. After acquisition by the CME Group, his role took on the European gas and Global LNG strategy for Nymex, prior to joining Nasdaq in 2014.