DGCX Records Highest Average Daily Volumes
Total volumes on the Dubai Gold & Commodities Exchange (DGCX) this year hit 17,255,556 agreements at the end of September, with annual Ordinary Daily Quantities (ADV) at their highest possible ever, getting to 89,873 contracts each day.
The very best performing asset course in September was the Indian Rupee (INR) product suite, which saw Rupee Mini Futures record its 2nd greatest regular monthly Average Open Interest (AOI) of 110,020 contracts, and also the Indian Rupee Quanto, which has traded 3,160,471 contracts year-to-date (Y-T-D), up 51% from 2017.
Trading in September was additionally underpinned by the Indian Single Stock Futures (SSF) and Shanghai Gold Futures (DSGC), which registered Y-T-D voume development of 195% as well as 101% respectively.
Les Male, CEO of DGCX, commented: The rising popularity of INR trading this month follows the continued depreciation of the rupee, which has seen investors turn to more regulated markets to hedge their exposure to the US dollar. The robust performance of our Rupee Mini Futures in particular is of note, with its increasing liquidity and depth of market, it is testament to the smaller sized contracts ability to enable retail remitters, individual investors and SMEs to cost-effectively manage their currency risk.
The DGCX is joining the upcoming World Capitalist Week 2018 (WIW) from the 1st to the 7th October, 2018. WIW is a worldwide campaign advertised by the International Company of Securities Compensations (IOSCO) to raise recognition about the significance of capitalist education and learning and defense and also highlight the different campaigns of protections regulators in these two crucial locations. DGCX will certainly be joining combination with the Securities and Commodities Authority (SCA) on numerous events throughout the week.
