DGCX traded contracts worth US$ 8.84 billion in August, one of the busiest months for the Exchange in 2009. While trade in all four currency pairs was higher compared with the same period last year, total volume growth was mainly supported by Euro/Dollar and GBP/Dollar futures, which rose by 195% and 327% respectively.
Total currency futures volume increased 330% in August to 88,189 contracts compared with the August 2008. In addition to activity in currencies, DGCX also traded 50,182 gold and 13,311 WTI crude oil futures contracts in August, down 33% and up 43% respectively on 2008.
On August 7, currency futures achieved a record daily high of 7,655 contracts, valued at US $583.86 million. Total transactions for all products also rose to 13,317 contracts on August 12 - the highest daily volume achieved in 2009 and the second highest since the Exchange launched in November 2005.
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DGCX futures volume rises 44% in August
- United Arab Emirates: Monday, September 07 - 2009 at 14:23
- PRESS RELEASE
Currency futures continued to drive volume on Dubai Gold & Commodities Exchange in August, leading to a 44% year on year growth in total transactions at 151,699 contracts.
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About DGCXDubai 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).
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Posted by Nadeen El AjouMonday, September 07 - 2009 at 14:23 UAE local time (GMT+4)
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