DUBAI / WAM
The Dubai Gold and Commodities Exchange (DGCX) crossed 6 million contracts in April 2016, growing 45% over the same period last year whilst maintaining a steady Average Daily Open Interest of 109,487 contracts. Growth was primarily driven by DGCX’s currency segment, which saw a substantial increase of 43% compared to the same period last year trading 5,740,764 contracts on a Year-to-date (YTD) trading basis. The G6 currency pair futures saw highs of 122,109 contracts with Euro and British Pound futures leading the way with a growth of 190% and 154% respectively. Among the emerging market currencies, South African Rand futures demonstrated a steady growth of 47% over same period last year.