News Column

DGCX volumes surge 24%

June 5, 2014

May trading volumes on the Dubai Gold and Commodities Exchange (DGCX) recorded a robust growth of 24 per cent from the previous month, aggregating 1,017,991 contracts, valued at $31.5 billion.

The currency segment was the key driver of volume growth, trading 923,491 contracts to record a month-on-month increase of 22 per cent. Among the currency pairs, Indian rupee futures grew 25 per cent from last month, trading 809,285 contracts. Mini Indian rupee futures traded 105,421 contracts, registering an uptick of four per cent.

Volumes on Sensex Futures rose significantly by 206 per cent, trading 35,317 contracts. The contract also recorded its highest ever daily volume of 7,744 contracts on May 9. Average daily volumes on the exchange grew 19 per cent from the previous month to trade 46,272 contracts per day.

Gary Anderson, CEO of DGCX, said: "The heightened trading activity on DGCX, especially with the performance of some of the exchange's key contracts such as Gold, Indian Rupee and Sensex, signifies the growing interest from market participants."

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Source: Khaleej Times (United Arab Emirates)

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