DUBAI(Commodity Online): October volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 110%year-on-year to reach a total of 441, 975 contracts, valued at US $18.36 billion.
The month of October saw the Exchange surpassing 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% increase from last year. Average daily volume in October rose 110% to reach 21,046 contracts valued at US $ 903 million.
DGCX currency futures, the mainstay of the exchange’s volume growth, rose 191% year-on-year to 429,944 contracts in October. DGCX Indian Rupee futures continued its impressive growth path to 418,967 contracts, a 330% 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% from 2010.
Within the precious metals segment, year-to-date volumes of DGCX Silver futures grew by 66% to trade 40,215 contracts this year while Gold futures dropped 11% to reach 360,117 contracts.
