Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Home / Features / DGCX records best ever month in its 14-Year History
Special Features

DGCX records best ever month in its 14-Year History

The Dubai Gold and Commodities Exchange, DGCX, has registered its best ever month in its 14-year history, recording volumes of 2.382 million lots valued at over US$39.2 billion in July, breaking the Exchange’s previous single month trading record of 2.16 million set in May 2018. The stand-out performing contract in July was the Indian Rupee Quanto futures, which recorded its best month since inception with a total of 1,106,309 contracts traded, up 192 percent year-on-year (Y-O-Y). DGCX’s flagship Gold Futures product also underpinned last month’s trading, building on its strong performance in June on the back of global instability, trading 61,764 contracts, up 209 percent Y-O-Y.

Commenting on the results, Les Male, CEO of DGCX, said, "Trading and clearing more than 2.38 million contracts in a single month is a remarkable feat for the DGCX, and demonstrates our strong momentum and increasing appeal to investors and traders. July’s record trading numbers were driven by continued geopolitical tension and uncertainty, with the UK welcoming a new Prime Minister at a critical moment during the Brexit process, increased tensions between the US and UK with Iran, and a trade deal between the US and China showing few signs of progress.

"INR trading this month was particularly noteworthy, with trading of our INR Quanto futures product surpassing the one million mark in a month for the first time ever. The new record was set as investors looked for new hedging tools to match their increasingly complex needs, and turned to markets like the DGCX to fulfill these requirements," the DGCX CEO added.

Euro Futures also performed strongly last month, recording its second highest Average Open Interest of 3,683. Open Interest is the total number of outstanding futures contracts held by market participants and is regarded as a leading performance indicator in the industry.

We accept Guest Posts

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image


View Special Features by Category.
Airlines & Airports
Art & Gallery
Banks & Financial sector
Car Industry
Dubai Government
Dubai Metro
Education & Institutions
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Online Food Service
Online Store
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Shopping Malls
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Things To Do
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top

Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
DCG at a glance