In the past few months, currency Futures have emerged as a significant segment of the Exchange's product portfolio. Nishat Bandali, Chief Marketing Officer, DGCX, highlighted that the volumes demonstrate a strong appetite to use DGCX Futures in order to hedge risk in currency exposure.
He added:
"Our range of currency Futures contracts continue to attract increased interest reflecting the need among market participants to build a diversified asset portfolio. At the same time, the exchange has supported this increased interest with strategic initiatives to encourage liquidity."
Bandali said, "Going forward, we expect currencies to account for a significant share of total volumes, alongside the precious metal and energy sectors."
Within the currencies segment, DGCX offers Futures contracts on the Euro/Dollar, Sterling/Dollar, Indian Rupee/Dollar and Japanese Yen/Dollar. Volume in Euro Futures has grown consistently over the past year - contributing 25% of the Exchange's total volume in January 2009.
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Posted by Siba Sami Ammari
