DGCX scores a daily record volume of 35,796 contracts

The Dubai Gold and Commodities Exchange (DGCX) traded highest ever-daily volume of 35,796 contracts, valued at $1.91 billion, on August 4, 2011. The new record surpasses the previous best of 24,532 contracts traded on August 3, 2011.DGCX also witnessed very active trading in Indian Rupee/US dollar futures on August 4, 2011, achieving a new daily record volume of 22,827 contracts worth US $1.02 billion. The previous record was set on July 27, 2011 with 19,596 contracts.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. DGCX is registered and licensed as a free zone company under the rules and regulations of the DMCCA. DGCX refers to “Dubai Gold & Commodities Exchange” and any company, which is an owned subsidiary of DGCX. From / Gulf today