Valued at $4.6bn, the 6% growth in September was largely driven by currency and crude oil futures contracts.
WTI crude oil futures traded 14,400 contracts in September, an increase of 149% on last year. Trading in the GBP/Dollar, Indian Rupee/Dollar and Yen/Dollar futures reached 12,698, 4,927 and 4,012 contracts respectively last month, gathering momentum compared with the same period last year. Total volume for currency futures rose by 85% year-on-year to 27,963 contracts.
On September 30, the value of Indian Rupee/Dollar futures traded on DGCX was $24.41m despite the Indian public holiday, underscoring the international interest in the contract. DGCX was the only Exchange open for trading Indian Rupee/Dollar futures on September 30. The volume of Indian Rupee futures was 585 contracts.
As the only exchange outside of India to offer trading and clearing for Indian Rupee futures business, DGCX is the alternative to the unregulated Non Deliverable Forward (NDF) market.
Browse
related articles
DGCX volume increases 6% year-on-year
- United Arab Emirates: Wednesday, October 07 - 2009 at 13:25
- PRESS RELEASE
Volume on Dubai Gold and Commodities Exchange (DGCX) recorded a year-on-year growth of 6% in September to reach 96,292 contracts.
Related stories
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Today's most read articles:
- » The office sector in the GCC still experiencing strong growth, according to new research
- » Qatari Diar announces joint venture with Deutsche Bahn to develop Qatar's railway network
- » Emaar merger talks 'done in one month'
- » Gold demand remains robust as economic conditions improve
- » Rimal celebrates 20th birthday with launch of new website
Log in to request more information from DGCX
Notes and media contacts
About DGCX:Dubai Gold & Commodities Exchange (DGCX) was established in 2005 and has become today the leading derivatives exchange in the Middle East region. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors.
Contact:
Claire Miller
Head of Marketing
Tel: +971 (0)4 361 1625
Posted by Rana MesbahWednesday, October 07 - 2009 at 13:25 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
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
It looks like you are using a Mac - check out our 
Web Feeds