DGCX year-to-date volumes up 153%
- United Arab Emirates: Wednesday, September 05 - 2012 at 13:44
- PRESS RELEASE
The Dubai Gold and Commodities Exchange traded 938,837 contracts in August, valued at $34.81bn, registering an increase of 71% compared to the same month last year.
DGCX Indian Rupee futures, one of the most actively traded contracts on the exchange, recorded a year-on-year growth of 123% trading 873,740 contracts. Gold futures, the Exchange's flagship product, grew 68% year on year trading 49,219 contracts in August - largely driven by strong retail participation on the back of continued high volatility and following the recent enhancements made to the DGCX Gold Futures contract.
Average daily volume (ADV) reached 42,674 contracts in August, an increase of 79% against the same month last year. Year-to-date average daily volume saw a significant increase of 150% from the same period last year.
Gary Anderson, Chief Executive Officer, DGCX, said, "Continued robust trading throughout the Holy Month of Ramadan, a typically slow period of business, reflects the growing demand of DGCX products and services in this region. Tight spreads and the ability to generate large trading volumes rapidly and efficiently indicate the continued growth and maturity of our marketplace."
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Posted by Rima Ali Al Mashni



