Feb 07 2012 |
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DGCX January 2012 Volumes Jump 95% from 2011
Gold futures rise 355.7% from December 2011 to reach 30,567 contractsMonthly volumes of 475,942 contracts represent value of $ 19.32 billion
India Rupee record the highest monthly volume every of 431,902 contracts in January
Average daily volume (ADV) on DGCX in January was 21,634 contracts, up 86% from the 11,637 contracts traded per day a year ago.
January volumes were propelled primarily by currency futures, which aggregated 442,345 contracts, rising 124% from last year. Indian Rupee futures sustained its exceptional growth momentum, climbing 157% from January last year and reaching the highest ever monthly volume of 431,902 contracts. Among other currency futures, Sterling/Dollar grew 14% while Dollar/Yen rose 39% from December 2011 to reach 2,246 and 386 contracts respectively. US Dollar/Canadian Dollar futures also grew substantially by 104% over the previous month to reach 330 contracts.
Stephen Gaterell, CEO of DGCX said: "The robust start to the year is a good portent for a strong performance in 2012. With volatility in currency and commodity markets continuing to be a feature of today's uncertain economic environment, DGCX products will be extremely valuable tools for market participants seeking to manage currency and commodity price risk. As a result, we are continuing to investigate options to expand our product offering as well as explore means of enhancing liquidity in our existing contracts."
-Ends-
About DGCX:
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
Further Information:
Madyan Jabr
Dubai Gold and Commodities Exchange (DGCX)
Tel: +971 (0)4 361 1614; Email: madyan.jabr@dgcx.ae
Baiju Francis / Dhanya Isaac
Promoseven Weber Shandwick PR
Tel: +971 (0) 4 321 0007;
Email: baiju.francis@ws-mena.com; dhanya.isaac@ws-mena.com
© Press Release 2012
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