DGCX currency volumes see an uptick in August

Dubai / WAM

Despite the summer being a typically slow period for markets, the Dubai Gold and Commodities Exchange (DGCX) witnessed an uptick in trading volumes in key products, predominantly driven by increased investor interest in the Exchange’s offerings in Euro Futures, INR Options and Indian Single Stock Futures.
The Exchange has strategically used the summer months to roll-out several initiatives focused on product development and partnerships aimed at strengthening its presence in the regional financial markets.
The DGCX’s volume highlights for the month of August include: Euro futures traded its highest volume since January 2013, showing month-on-month growth of 77% and year-on-year growth of 19%. Gaurang Desai, CEO of DGCX said, “As a multi-asset Exchange, we endeavor to provide our market participants with access to a number of products for their investment, hedging and arbitrage needs. The increased trading activity in contracts like the Euro and Indian Single Stock futures is an indication that our market participants truly appreciate and are increasingly becoming reliant on wider range of DGCXproducts.”