Register | Forgot password?
Switch to Arabic
Thursday, December 3 - 2009

DGCX volumes rise 14% in April

  • United Arab Emirates: Tuesday, May 05 - 2009 at 14:19
  • PRESS RELEASE

Dubai Gold & Commodities Exchange (DGCX) continued to record a steady growth in year-on-year volumes in April with a 14% increase compared with the same month last year.

Article continues below
 
The Exchange traded 98,322 contracts, valued at $4.4bn during April. The growth was driven by higher volumes in Indian Rupee-Dollar futures, as well as gold and WTI crude oil volumes.

The total average daily volume for DGCX was 4,682 contracts in April, a 19% increase on April last year.

"The well balanced and diversified offering of DGCX across the distinct product segments of precious metals, energy and currencies has supported year to date volume growth,"


said Malcolm Wall Morris, Chief Executive Officer, DGCX.

"Volume for gold futures grew by 173% month-on-month, valued at $1.3bn. Trading in Indian Rupee-Dollar futures also more than doubled this month, encouraged by contract changes at the end of last year and a recent awareness campaign."

"As part of efforts to enhance awareness and knowledge of derivatives trading in the Gulf region, we have recently launched new initiatives. These include specialised training programmes on futures trading for end clients and new entrants, as well as seminars specifically focusing on the advantages of using Indian Rupee-Dollar futures contracts", added Malcolm Wall Morris.
Also consider reading:
Log in to request more information from DGCX

Notes and media contacts

About DGCX:
Dubai Gold and Commodities Exchange (DGCX) is a fully automated, online commodities exchange. Strategically located in Dubai, the exchange is the first international commodity derivatives marketplace in the time zone between Europe and the Far East. DGCX is an initiative of the Dubai Multi Commodities Centre (DMCC), Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX).

Further Information:
Claire Miller
Head of Marketing
Tel: +971 (0)4 361 1625

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions