DGCX Maintains Momentum Into Second Half Of The Year With Strong G6 Currencies Volumes And Successful Launch Of New FX Products #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

Restaurants

Education


 





Home / News / Last 7 News
Last 7 News
   

DGCX Maintains Momentum Into Second Half Of The Year With Strong G6 Currencies Volumes And Successful Launch Of New FX Products
(4 August 2020)
The recently launched contracts gained traction in the market as investors sought to take the advantage of the trading opportunities that they offered


 

The Dubai Gold and Commodities Exchange (DGCX) has maintained its momentum into the second half of the year, as it continues to provide investors with a wide range of derivative products that allow them to manage their risk effectively. In July, DGCX’s G6 currencies portfolio recorded year-on-year (Y-O-Y) volume growth of 357%. In addition, DGCX successfully launched the region’s first FX Rolling Futures Contracts (Euro, Pound Sterling and Australian Dollar), continuing the trend of innovative product development, whilst at the same time expanding the range of Indian Rupee/US Dollar contracts with the launch of a Weekly INR-US Dollar Futures Contract.

Yen, British Pound, and Euro Futures Contracts were the standout performers, registering Y-O-Y Average Daily Volume (ADV) growth of 767%, 267% and 263% respectively. The recently launched contracts gained traction in the market as investors sought to take the advantage of the trading opportunities that they offered.

Les Male, CEO of DGCX, said: “The consistent growth of our trading volumes and product offering reflects our ongoing success and expanding member community. We pride ourselves on being a member-led exchange, introducing innovative contracts that meet the growing needs of our investors, particularly during periods of uncertainty like we are seeing today. Before the end of the year, we plan on launching more unique products as the market evolves, providing further opportunities for investors and businesses to protect their positions against price fluctuations in today’s difficult climate.”

DGCX also in July announced that it partnered with American University of Sharjah (AUS) to foster the next generation of professionals across the finance sector. Through the collaboration, the DGCX will offer AUS undergraduate students the opportunity to participate in an internship program, with the core objectives of developing their skill sets, and educating them about how the DGCX operates and the important role it plays in the financial services sector in the region.

We accept Guest Posts


DubaiCityGuide.com is owned and managed by Cyber Gear



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

     
 
email print
2534
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



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
sitemap
Sitemap
DCG at a glance