Tag: Dubai Gold & Commodities Exchange

February 04, 2016 BY Mike Fox

DGCX starts January off with strong volumes in the wake of forex volatility

January numbers reflect the increasing use of derivatives to hedge forex volatility particularly in emerging market currencies such as the Indian Rupee and South African Rand. Market participants appreciated the cost effective investment mechanism provided by Indian Rupee Options.  Rupee Options volumes grew by 352% in January 2016 vs. January 2015. The Dubai Gold & Commodities…

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December 09, 2015 BY Maria Nikolova

DGCX marks 10th anniversary with 41% jump in November trading volumes

Dubai Gold & Commodities Exchange (DGCX) has just reported its operating metrics for November 2015, with trading volumes staging a steep rise year on year, fuelled by continued demand for hydrocarbons and Indian Rupee-based products. Overall trading volumes for November 2015 staged a 41% increase from November 2014, offering the Exchange a good piece of…

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December 01, 2015 BY Maria Nikolova

DGCX to introduce physically settled Spot Gold contracts

The Dubai Gold & Commodities Exchange (DGCX) on Monday unveiled its plans to add a new type of contracts to its offering. The Exchange said it would introduce physically settled DGCX Spot Gold Contract for trading on the DGCX platform effective from Monday, December 14, 2015. The contract size for the new instruments (with contract…

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November 05, 2015 BY Maria Nikolova

DGCX to change margin requirements for a number of futures contracts

Dubai Gold & Commodities Exchange (DGCX) has informed its participants of pending changes to initial margin requirements for a raft of futures contracts, including popular Forex futures contracts and energy contracts. The changes will be effective from November 9, 2015. The size of required margin will be reduced for INR/EUR, JPY/USD, USD/RUB, as well as…

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February 11, 2015 BY Mike Fox

DGCX begins 2015 with strong volume metrics

The Dubai Gold & Commodities Exchange (DGCX) recorded a robust start to the year, with a total of 1,176,111 contracts traded in January, an increase of 22% over December 2014. The metals segment was the main driver of volume growth, growing 24% month-on-month with 55,661 contracts traded. DGCX’s flagship product, Gold Futures led the growth,…

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