DGCX volume increases 6% year-on-year
Published on: October 07, 2009 at 15:40
Related Stories
Valued at US $4.6 billion, the 6% growth in September was largely driven by currency and crude oil futures contracts.
Trade commodities or equities from across the globe. Join Now
WTI crude oil futures traded 14,400 contracts in September, an increase of 149% on last year. Trading in the GBP/Dollar, Indian Rupee/Dollar and Yen/Dollar futures reached 12,698, 4,927 and 4,012 contracts respectively last month, gathering momentum compared with the same period last year.
Total volume for currency futures rose by 85% year-on-year to 27,963 contracts.
On September 30, the value of Indian Rupee/Dollar futures traded on DGCX was US $ 24.41 million despite the Indian public holiday, underscoring the international interest in the contract.
DGCX was the only Exchange open for trading Indian Rupee/Dollar futures on September 30. The volume of Indian Rupee futures was 585 contracts.
As the only exchange outside of India to offer trading and clearing for Indian Rupee futures business, DGCX is the alternative to the unregulated Non Deliverable Forward (NDF) market.
Total Comments : 0
In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country. 
Recent Questions
1.
2.
3.
4.
5.
- Gold may break out of $1,150 – $1,100 range
- Crude slip as funds increase bet on higher prices
- Gold Bullion or Gold Stocks: Which is best to invest?
- Post-panic gold-stock recovery isn’t over yet!
- Gold’s bull run to boost as money flow out of bond
- Why palladium's parabolic price rise is worrisome?
- Record gold demand from central banks
- Will commodity prices crash in China?
- India's gem and jewellery exports surge
- Gold bull market to accelerate thanks to bonds
- Food & Beverage Trends: Delhi's North Pole feel!
- DuPont to help farmers raise production
- Nabucco pipeline to be ready in 2011 in Bulgaria
- India's power sector: Is the light still on?
- ‘Silver to be best leveraged commodity soon’
- Why gold and silver are biggest asset bubbles
- Why George Soros feels that Euro will collapse
- IMF’s good economic forecast may hit gold prices
- Steep fall in gold coins sales in Europe
- 'China to emerge as top gold holder in 10 years'
- World needs new currency, not dollar: Jim Rogers
- Commodity Trends: No wheat export, futures slump
- Retail gold investment, a latest crush in India