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DUBAI / Emirates Business
The Dubai Gold and Commodities Exchange (DGCX) has recorded its highest ever daily Indian Rupee (INR) volume, trading 126,055 contracts on August 13. On the same day, the Exchange’s overall volume touched 185,630 contracts worth $4.17 billion, its second highest daily notional value since inception.
Amidst continued market volatility, the DGCX traded over 2.08 million contracts in August, a year-on-year (Y-O-Y) increase of 60%. The Exchange has so far recorded 45% year-to-date
volume growth from 2017.
Les Male, CEO of DGCX, commented: “DGCX performed exceptionally well in August, registering a record daily INR volume and continuing to achieve outstanding growth over 2017. Last month was also marked by a significant milestone, as we took an important step forward to promote Islamic financial products by partnering with the Dubai Islamic Economy Development Centre (DIEDC).â€