POST Online Media Lite Edition


DGCX crosses five million contracts in H1

Staff writer |
Dubai Gold and Commodities Exchange (DGCX) crossed five million contracts in the first half of the year.

Article continues below

The Exchange ended H1 2014 having registered more than 5.75 million contracts, with a value of over $172 billion.

Currency futures traded 5.34 million contracts in H1, valued at $157 billion. Precious metal contracts were the highlight of the first half, growing 7% from last year to a total of 283,138 contracts, valued at $11 billion.

Other contracts that performed well in H1 included the S&P BSE SENSEX futures contract, which totalled more than 100,000 contracts in the 10 months of trading since launch.

Key performers in the month of June 2014 included the Gold futures contract, which grew 21% from the previous year, reaching a total of nearly 36,000 contracts. In June, the S&P BSE Sensex Futures recorded its second highest ever monthly volume of 19,666 contracts and Copper Futures recorded its second highest monthly volume in the last 12 months. Trading in WTI futures grew 62% from last year while Plastics Futures rose 39%.

What to read next

DGCX average daily volume grows six percent
CME Group August contract volume rose 25% with highest weekly average ever
Futures trading volume jumped in August