DGCX posts 36% QoQ jump in trading volumes in Q3 2015

Dubai Gold & Commodities Exchange (DGCX) earlier today reported some key operating metrics for September 2015 and the third quarter of 2015, with the Exchange boasting a strong rise in trading volumes, supported by active trading in Gold and Indian Rupee products during the period.

The Exchange’s trading volumes amounted to 4,142,368 contracts in Q3 2015, up 36% from Q2 2015.

The Exchange reported volumes of 1,461,264 contracts for September 2015, a result which is 29% higher than in September 2014.

DGCX also boasted the highest average daily Open Interest of 160,858 contracts in September 2015. The highest ever daily OI of 223,787 contacts was registered on September 28, 2015, surpassing the previous high of 125,066 contracts reached on August 27, 2015.

Gaurang Desai, CEO of DGCX, said: “Open Interest (OI) is a key indicator of market confidence in trading DGCX products and we are happy to have achieved so many records in that area.”

Q3 2015 performance

dollars and goldDGCX’s Gold segment posted a substantial growth of 71% from Q2 2015 and 20% from Q3 2014, trading 132,862 contracts in Q3 2015.

The turnover of the Exchange’s Indian Rupee portfolio grew 37% from last quarter, reaching 3,887,956 contracts in Q3.

Trading in DGCX’s G6 currency portfolio marked a significant jump in Q3, registering a 71% rise compared to Q3 2014.


Gaurang Desai added:

“Looking ahead to the next quarter, our focus will primarily be on two areas – deepening our membership pool and diversifying our product offering. While doing so, we want to ensure positive synergies exist between these areas. Our product pipeline will revolve around an ‘inside out’ and ‘outside in’ approach which means we will aim towards launching regionally relevant products for global investors and globally relevant products for regional investors. We have an interesting mix of products which we look forward to launching this year and these include a India Silver Quanto contract, a Mini sized WTI contract and more products in equity and currency space.”

To view the announcement from DGCX on its Q3 2015 metrics, click here.

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