DGCX sets monthly volume record in Oct
Dubai, November 2, 2010
Dubai Gold & Commodities Exchange (DGCX) said its October volumes grew 52 per cent year-on-year to set a new monthly record of 209,994 contracts, valued at $10.61 billion.
Last month's volumes surpassed the previous high of 192,138 contracts recorded in June this year, said a statement from DGCX.
Increased trading activity throughout October also saw year-to-date (YTD) volumes rising 39 per cent to reach 1,568,727 contracts, the earliest point that the Exchange has crossed the 1.5 million mark in any year since inception, it noted.
The average daily volume was 10,000 contracts in October, a 59 per cent increase on last year and a 34 per cent increase on last month, the statement said.
DGCX currency futures were again the prime driver of growth with monthly volumes growing 202 per cent to reach 147,977 contracts in October.
The DGCX Indian Rupee futures sustained its record run, setting its fifth consecutive monthly high with 97,353 contracts, a 39 per cent increase from last month.
Indian Rupee futures also established a new daily volume record on October 21 with 6,099 contracts traded. New currency contracts; Australian Dollar, Canadian Dollar and Swiss Franc futures, recorded strong growth, increasing 81 per cent, 141 per cent and 43 per cent on last month to achieve volumes of 4,170, 6,208 and 4,745 contracts respectively.
The Euro/Dollar, Sterling/Dollar and Yen/Dollar saw volumes of 21,192, 11,080 and 3,229 contracts respectively.
Within the precious metals segment, DGCX Gold futures saw a strengthening in trading of 46 per cent on last month to reach 51,392 contracts.
Gold futures sustained increased trading activity throughout October, registering daily volumes of over 2,500 contracts on many trading days. Silver grew 54 per cent on last month to reach 2,526 total contracts while WTI climbed 15 per cent to register volumes of 8,099 contracts in October.