DGCX achieves record contracts in 1 day
Dubai, April 17, 2013
The Dubai Gold and Commodities Exchange (DGCX) announced it has achieved total volumes of over 100,000 contracts in a single day for the first time this week.
The exchange set a new overall daily volumes record of 103,126 contracts on April 16, surpassing the previous record of 83,862 contracts set on April 12. The new record also represents its highest ever overall daily trading value of $3.8 billion, a statement from DGCX said.
DGCX Indian Rupee futures also registered its highest ever daily volume on Tuesday with 96,672 contracts valued at a record-breaking $3.5 billion.
The contract has achieved sustained rapid growth over the past four years, driven by the growing international significance of the Indian Rupee and DGCX’s initiatives that have improved liquidity and on-screen spreads.
The Indian Rupee futures contract traded an average of over $2 billion a day in the first quarter of the year. – TradeArabia News Service