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FINANCIAL NEWS
DGCX volumes rise 52% in October
02 Nov 2010
(MENAFN) Dubai Gold & Commodities Exchange (DGCX) said its October volumes grew 52 percent year-on-year to set a new monthly record of 209,994 contracts, valued at $10.61 billion, Gulf News reported.
Last month’s volumes surpassed the previous high of 192,138 contracts recorded in June this year, said a statement from DGCX.
Increased trading activity throughout October also saw year-to-date (YTD) volumes rising 39 percent to reach 1,568,727 contracts, the earliest point that the Exchange has crossed the 1.5 million mark in any year since inception, it noted.
The average daily volume was 10,000 contracts in October, a 59 per cent increase on last year and a 34 percent increase on last month, the statement said.
DGCX currency futures were again the prime driver of growth with monthly volumes growing 202 percent to reach 147,977 contracts in October.
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