May 06 2012
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DGCX Establishes New Monthly Volumes Record in April
Exchange crosses 2 million mark in 82 trading days; Year-to-date volumes on DGCX exceeds 2.1 million contracts, a 131% rise from 2011
Indian Rupee Futures establish new monthly volumes record of 499,478 contracts in April
New Copper Futures contract gets off to a good start with 15,582 contracts in the first seven trading days
Dubai, May 6, 2012: April volumes on the Dubai Gold and Commodities Exchange ( DGCX ) registered a 146% growth from the same month in 2011 to reach 559,781 contracts, the highest ever monthly volumes registered by the Exchange. This is the second consecutive month in which DGCX has achieved record-breaking monthly volumes. April volumes represent a value of $22.42 billion.
On April 25, year-to-date volumes on DGCX surpassed the two million contracts mark. Achieved in 82 trading days, this is the earliest it has crossed this figure in any year since inception. Year-to-date volumes on the Exchange, at the end of April, reached 2,105,680 contracts, valued at $86.5 billion, a 131% rise from 2011. Average daily volume (ADV) in April increased 146% year-on-year to reach 27,989 contracts.
DGCX 's newly launched Copper Futures contract got off to a robust start, trading 15,582 contracts in the first 7 days of trading.
Indian Rupee futures built on its exceptional performance in the first quarter of the year, growing 268% from 2011 to aggregate 499,478 contracts in April, the highest monthly volumes the contract has achieved since inception. Volume growth was boosted by increased trading in back-month contracts - contracts that have more than one month to expire and offer tighter spreads.
Established in 2005, DGCX is the region's first derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors. For more information: www.dgcx.ae
Manager - Communication & Marketing, DGCX
Tel: +971 (0)4 361 1614;
Baiju Francis / Dhanya Isaac
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© Press Release 2012
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