- Monthly volumes up by 22%;Year-on-year volumes grow 13%
- Gold volumes increase 23% year-on-year
- Currency segment records a growth of 13%
The
Dubai Gold & Commodities Exchange (DGCX) recorded a robust start to
the year, with a total of 1,176,111 contracts traded in January, an
increase of 22% over December 2014.
The
metals segment was the main driver of volume growth, growing 24%
month-on-month with 55,661 contracts traded. DGCX's flagship product,
Gold Futures led the growth, trading 47,206 contracts in January, up by
13% month-on-month and 23% year-on-year.
DGCX's
Currency segment grew 13% year-on-year. The Mini Indian Rupee Futures
grew 39% year-on-year and 24% from the previous month while Indian Rupee
Futures grew 23% month-on-month. The Hydrocarbon segment witnessed a
22% growth from the previous year. WTI Futures led the growth, rising
21% month-on-month and 13% year-on-year.
Other
new products also performed well with the MSCI Indian Rupee and US
Dollars Indices growing 133% and 189% respectively, and the Mini INR
denominated in British Pounds and Euro, both introduced in November,
rose 55% and 25% respectively.
Gaurang
Desai, Interim CEO of DGCX said: "We have had a promising start to the
year, particularly with the performance of some of the Exchange's more
recent contracts such as the two new pairs of Mini Indian Rupee Cross
Currency Futures and MSCI Futures. Through 2015, we remain committed to
exploring new opportunities with our Members and the market in order to
diversify our product portfolio. In addition to product launches, we are
also working on further growing and expanding our community of members
and participants."
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