DGCX achieves daily record

Thursday, 04 March 2010

The Dubai Gold & Commodities Exchange (DGCX) said that it recorded its highest-ever daily volume on March 1, trading 19,255 contracts at a record notional value of US$1.27 billion.

Breaking all earlier records, daily volume on the exchange exceeded the previous daily high of 14,066 contracts on July 11, 2008. The record trading activity was supported primarily by increased volume in currencies.

Interest was most significant in the euro/dollar futures contract, which also achieved a record daily volume and notional value of 11,546 contracts and US$783 million.

“The daily record on DGCX firmly endorses the success of our business strategy and the diversified product range of the exchange, which meets the needs of our market participants,” said Eric Hasham, CEO of the DGCX.