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FINANCIAL NEWS
DGCX trading volumes rise 9% in April
06 May 2010
(MENAFN) Dubai Gold & Commodities Exchange (DGCX) said in a statement that 107,641 contracts were recorded in April, a 9 percent increase on the same period last year and valued at $6.12 billion, Gulf News reported.
According to the statement, the sustained growth in currency futures led trading activity in April with 67,542 contracts recorded, a year-on-year increase of 168 percent, reflecting the increased interest in forex trading in the region.
In the January-April period, DGCX achieved an impressive volume growth of 94 percent, to reach a year-to-date (YTD) volume of 602,700 contracts. Valued at $35.7 billion, the year-to-date volume was largely driven by currency and gold futures.
While YTD gold futures volume rose 51 percent, currencies saw considerable across-the-board growth, with Euro/Dollar and Sterling/Dollar futures up 46 percent and 393 percent respectively.
Overall, DGCX currency futures have recorded YTD volume of 429,302 contracts, an increase of 133 percent on last year, the statement showed.
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