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Dubai 01-09-2019 / WAM
The Dubai Gold and Commodities Exchange (DGCX) registered more than 3 million contracts in a single month for the first time in its history in August, breaking its July record of 2.38 million contracts.
The value of contracts traded and cleared last month, which amounted to ..223 million contracts, a record high of 52.72 billion US dollars.
The stock exchange also recorded the highest daily trading level in its history on August 5 last, where more than 220 thousand contracts traded with a nominal value of 3.85 billion US dollars and the average daily trading volume last month to 146 thousand and 502 contracts a day, an increase of 54.97 percent year on year .
The best performing products on the exchange during August were Indian rupee products which broke all previous records. The Kwanto Indian Rupee futures contract, the Indian rupee / US dollar pricing index, was the best performer among Indian rupee products, with August trading volumes at a record high of 1,585,110.
The gold futures contract, one of the most important products of the Dubai Gold and Commodities Exchange, recorded a strong performance last month with 58,421 contracts traded, an increase of 274.04 percent year on year.
Trading more than 3 million contracts in one month and more than 220,000 contracts in a single day is a major achievement for the DGCX Group and also shows our strength as a trading market and reflects continued investor confidence in the DGCX, said Lee Mill, chief executive of DGCX.
