Dubai – Mubasher: The Dubai Gold and Commodities Exchange (DGCX) is on its way to break its last year’s 22.3-million-contract annual volumes record.

Year-to-date, the DGCX traded 20.3 million contracts, with a value of $373 billion, according to a statement released on Saturday.

“The DGCX’s strategic focus throughout 2019 has been on diversifying our product offering based on our market participants’ needs, and expanding our membership base both locally and globally,” DGCX’s CEO Les Male said.

In October, the DGCX traded 1.68 million contracts, registering an average daily volume of 72,921, up 11.5% year-on-year.

“We are looking forward to a strong finish to the year, and are confident we will see increased demand for our derivatives products on the back of continued global volatility,” Les Male commented.

Source: Mubasher

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