Dubai, April 25, 2012: Trust Securities DMCC, a Clearing Broker member of Dubai Gold & Commodities Exchange (DGCX), has announced volumes traded in the Indian Rupee-Dollar futures contract listed on the Dubai Gold and Commodities Exchange (DGCX) reached another record level in March.

Th trading activity for the Rupee futures contract rose by 257 per cent over March 2011, with a total of 495,153 contracts traded. This was the highest monthly volume since the contract began trading in 2007.

DGCX is the only exchange trading the Rupee futures contract outside of India. This makes it attractive to Non-Resident Indians (NRIs) for use either as part of an investment strategy or for hedging currency exposure in business dealings.

Bruce Powers, Head of Research at Trust Securities DMCC, said, "We continue to see growing interest in trading the Rupee contract from our clients in the UAE as well as the wider region. As activity levels reach new record levels each month, it draws attention helping to continue to push liquidity even higher."

Trading in the Rupee was a significant contributor to the overall volume increase at the Exchange for both March as well as the first quarter of 2012. Total Exchange volume was up 141 per cent from the previous year with 550,735 contracts traded, while first quarter volumes improved by 126 per cent to 1,545,899 contracts.

He remarked: "Investors like to see healthy volume levels in any market. This helps give them confidence in managing their execution risk and the knowledge that there are enough market participants to help drive momentum. We have developed a range of solutions which enable investors to take exposure to the Indian Rupee in a risk adjusted manner"

"As volume levels increase it helps to attract other international investors who may be interested in trading opportunities. We anticipate volume levels in the Rupee futures contract to continue to grow on the DGCX," he added.

Trust Securities has been leader in the commodity market in the United Arab Emirates for close to 10 years and has recently established two sub offices in India and Sri Lanka.

Trust Securities is a clearing member of the Dubai Gold and Commodities Exchange, an initiative of the DMCC, Financial Technologies (India) Limited and the Multi Commodity Exchange of India Limited (MCX),   and a supply chain manager of Agricultural commodities throughout the Middle East and North Africa (MENA)  region.  

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For further information, please contact:
Trust Securities DMCC
1402/3 - Al-Reef Tower
Jumeirah Lake Towers (JLT)
Dubai, UAE
P.O. BOX 121690
Telephone: +9714-440 5902
Fax: +971 4440 5901
Email: info@tsecurities.com 
Website: www.tsecurities.com

© Press Release 2012