DGCX trades 441,975 contracts

October volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 110 per cent year-on-year to 441, 975 contracts valued at $18.36 billion.

The exchange surpassed the three million contracts mark, the first time it has crossed this milestone in its history. Year-to-date (YTD) volumes traded at the end of October were 3,205,464 contracts, a 104 per cent increase from last year. Average daily volume in October rose 110 per cent to 21,046 contracts valued at $903 million.

DGCX currency futures, the mainstay of the exchange’s volume growth, rose 191 per cent year-on-year to 429,944 contracts in October. DGCX Indian Rupee futures continued its impressive growth path to 418,967 contracts, a 330 per cent increase from last year.  Euro/Dollar, Sterling/Dollar and Yen/Dollar saw volumes of 6,579, 1,911 and 785 contracts respectively.  Total year-to-date currency volumes stood at 2,765,531 contracts at October-end, a growth of 167 per cent from 2010.

Within the precious metals segment, year-to-date volumes of DGCX Silver futures grew by 66 per cent to trade 40,215 contracts this year while Gold futures dropped 11 per cent to reach 360,117 contracts.

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