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DGCX trading volumes soar 133% in Q1

08 Apr 2010

(MENAFN) The Dubai Gold & Commodities Exchange (DGCX) said that it has recorded a 133 percent rise in volume in the first quarter of 2010, with 495,059 futures contracts traded, valued at $29.6 million, Khaleej Times reported.

The volume in the January-March period rose on the back of strong demand for currencies, gold and WTI crude oil futures, which recorded volumes of 361,760, 112,077 and 13,457 contracts respectively, the DGCX said in a statement.

The volumes in the first quarter increased by 128 percent, 133 percent and 138 percent for currencies, gold and WTI crude oil respectively, the statement added.

The exchange recorded 162,034 contracts in March, valued at $9.7 billion, a 60 percent increase when compared to the same period last year.

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