DGCX traded volumes up 36 pc
Dubai, February 6, 2014
The Dubai Gold and Commodities Exchange (DGCX) has reported a total of more than one million contracts traded in January, up 36 per cent over December 2013.
Currencies were the primary driver this growth, with a leading volume rise in Indian Rupee futures, which was up 36 per cent from the previous month.
The ‘Mini INR’ also registered a significant month-on-month increase of 51 per cent, while the exchange’s newest product, Sensex Futures, registered 14,913 contracts, up 91 per cent from December.
Among precious metals, DGCX gold futures recorded a five per cent month-on-month increase, which silver futures recorded a volume growth of 354 per cent from January last year, up 35 per cent from December 2013.
Gary Anderson, chief executive officer, said: “We have had a promising start to the year, particularly with the performance of some of the exchange’s more recent contracts such as Mini INR and Sensex futures. Through 2014, we remain committed to exploring new opportunities with our members and the market in order to diversify our product portfolio.”
“An exciting feature of this growth strategy will be our upcoming polypropylene plastics futures contract. The contract, which will be launched later this month, is designed to provide enhanced liquidity in the global trade of plastics and will be the first ever plastics contract to be listed in the Mena region,” he added. - TradeArabia News Service