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Screenshot of a breaking news alert e-mail from Q2 2017
Dubai Gold & Commodities Exchange (DGCX) today announces that its year-to-date (YTD) trading volume topped 6 million contracts in April 2016, marking a rise of 45% over the same period last year whilst maintaining a steady Average Daily Open Interest of 109,487 contracts.
The increase in overall volumes was mainly driven by DGCX’s currency segment, which registered an increase of 43% compared to the same period last year trading 5,740,764 contracts on a YTD basis. The G6 currency pair futures marked highs of 122,109 contracts, with euro and British pound futures leading the way with a growth of 190% and 154%, respectively. Across emerging market currencies, South African Rand futures demonstrated a steady growth of 47% over same period last year. Indian Rupee options also saw brisk trading this year with 96,940 contracts traded, up 220.7% from the same period in 2015.
The month of April brought a number of record achievements for DGCX. Chinese Yuan futures recorded the highest monthly volume with 4,245 contracts worth US$ 212 million while the Indian Rupee Quanto recorded the 2nd highest ever Average Daily Volume (ADV) of 27,071 contracts. US Single Stock futures volumes rose 107% from March 2016.
Gaurang Desai, Chief Executive Officer of DGCX, said:
“According to a recent annual survey by the World Federation Exchange, currency and commodity derivatives experienced the largest volume growth in 2015 (up 37% and 26% respectively over 2014). Our performance so far indicates that last year’s trend is continuing into 2016. This phenomenon represents the tangible use of financial exchanges such as DGCX especially when investors are seeking to hedge and mitigate risks amidst heightened volatility in global markets.”
You can view the full announcement from DGCX by clicking here.