Dubai - Encouraged by strong investor appetite and robust trading performance on its existing Indian Single Stock Futures (SSF), the Dubai Gold & Commodities Exchange (DGCX
) said it has received regulatory approval to launch of an additional 44 blue-chip Indian SSFs, further expanding its equities asset class vertical.
The Exchange’s Indian SSFs witnessed strong growth from July to the end of October 2017, trading a total of 851,108 contracts, up ten-fold from 2016, with a value of $5.42 billion. In October, the average daily volume was 10,750 lots valued at $64 million per day, with Open Interest of 2,042 lots, the bourse said in a statement.
With the listing of additional Indian SSFs, local and regional traders can now participate in the price performance of numerous stocks that fall within the major indices in India. Additional SSFs will be listed for trading on the Exchange from December 8, 2017.