DGCX volumes grow 18pc in July
Dubai, August 10, 2014
Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18 per cent in July from the previous month. It traded 992,061 contracts valued at $29.95 billion during the month.
DGCX Gold Futures traded 39,536 contracts in July, growing 15 per cent year-on-year and 10 per cent month-on-month, a statement said
The metals segment grew 24 per cent year-on-year with Silver Futures witnessing year-on-year growth of over 300 per cent.
In July, DGCX recorded the highest ever average Daily Open Interest of 54,718 contracts. Both Indian Rupee Futures and BSE Sensex Futures also recorded the highest ever average Daily Open Interest of 43,929 and 692 contracts respectively, it said.
In the currency segment, Indian Rupee Futures grew 22 per cent from last month, while Mini Indian Rupee Futures rose 3 per cent. The Indian Rupee Options contract, which was re-introduced on July 18, traded 343 contracts, the company said.
Among the other currency pairs, British Pound, Australian Dollars and Yen Futures, grew 45 per cent, 47 per cent and 7 per cent respectively.
DGCX’s BSE Sensex Futures, one of the key performers for the month, recorded the second highest ever monthly volume of 21,466 contracts, surging 441 per cent year-on-year. The Indian equities futures also recorded the second highest ever monthly trade of 12,911 trades in July, said a statement.
DGCX continues to work towards introducing a number of new products, targeted at Middle East customers. DGCX Spot Gold remains a priority – which will be the Middle East’s first exchange-traded physically deliverable spot gold contract. In addition – and as part of the expansion of DGCX Emerging Market (EM) currency portfolio – the Exchange is considering listing three new currency futures in the near future. DGCX also plans to add the MSCI India Index futures to its equity suite in Q4, it said. – TradeArabia News Service