Three DGCX currency futures set volume records on same day
Daily volume records were set by three DGCX currency futures contracts on October 19, 2010, contributing to what is set to be one of the most active months of trading for the Dubai Gold & Commodities Exchange (DGCX). So far, the month of October has seen several trading days with daily volumes surpassing 10,000 contracts and the third highest overall daily volume of 15,350 contracts.
Continuing its ongoing growth, the DGCX Indian Rupee futures contract traded a record 6,043 contracts worth US $270.61 million on October 19, 2010 beating the previous high of 5,376 contracts worth US $242.83 million. On the same day, two of the new currency futures contracts launched in June this year also achieved record highs; Canadian Dollar futures traded a record 606 contracts worth US $29 million eclipsing the previous peak of 528 lots worth US $26 million while Australian Dollar traded 498 contracts worth US $24 million surpassing the previous record of 285 contracts worth US $12 million.
On October 19, 2010 DGCX also recorded the third highest ever total daily volume of 15,350 contracts valued at US $786 million.
As part of DGCX's ongoing awareness and educational programme to promote on-exchange, currency futures trading and to support the interest among local retail investors and proprietary trading houses, the Exchange will be supporting and speaking at the Middle East Online Trading Summit to be held at Jumeirah Emirates Towers on 9 - 10 November 2010.
- What's really holding Islamic Banking back?
- The rise of the Chinese renminbi: an unmatched opportunity for Qatar?
- Why, despite their emerging status upgrade, the UAE and Qatar still count as frontier markets
- How Egypt plans to deal with $20 billion worth of arbitration cases brought by foreign investors against it
- Business before wealth: what's really on the mind of the ME's high net worth business owners?
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