DGCX trade surges to new highs, valued at $996.12m

Trading on the Dubai Gold and Commodities Exchange (DGCX) surged to a new daily volume high of 20,112 contracts, valued at $996.12 million on Thursday, July 21, 2011. The new record surpasses the previous best of 19,819 contracts set on July 12, 2011. DGCX reached its overall highest ever daily total open interest of 16,530 on the July 22, 2011 beating the previous record of 16,257 set on July 21st, 2011. DGCX Indian Rupee futures also achieved its highest daily total open interest of 9,795 on the day. 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. DGCX is registered and licensed as a free zone company under the rules and regulations of the DMCCA. From / Gulf Today