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Malcolm Wall Morris, Chief Executive Officer, DGCX, said:
"DGCX is the only exchange in the region to offer currency futures contracts. Furthermore, ongoing volatility in financial markets, tighter spreads and improved volumes are encouraging more participants to trade our currency futures."
"The latest record for currency volumes reaffirms that this segment is a viable alternative asset class for local and international participants. Traders are also seeing the benefit of transacting business on an Exchange such as DGCX to reduce their counterparty credit risk," he added.
In July, year-to-date currency volume on DGCX reached 272,000 contracts, representing an increase of 33% on last year and value of $1.34bn. While year-to-date volume for Euro/Dollar futures rose 130% to 174,000 contracts, Indian Rupee/Dollar futures grew 315% to 31,000 contracts.
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Posted by Siba Sami Ammari
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