DGCX ends summer on a high note

Press release
Published September 1st, 2016 - 09:41 GMT
DGCX
DGCX

Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched close to 13 million contracts, growing 43% from same period last year to record the highest ever volume for this period in over a decade. This year, the Exchange recorded an average volume of 75,516 contracts a day, valued at around US$ 1.70 billion.

The Exchange also registered an impressive average Open Interest (OI) position of 156,965 contracts representing a growth of 167% over the same period last year. On 29th August 2016, the Exchange recorded the highest ever OI of 503, 262 contracts valued at over US$ 8 billion. The OI records indicate the increased trust and participation of market participants on DGCX, the region’s largest and most diversified derivatives bourse.

Performance of DGCX products 

DGCX’s Indian Rupee traded an average of 41,751 contracts in August, valued at over US $ 1.24 billion. The Indian Rupee options contract set the highest ever average OI record with 5,353 contracts, up 38% from last year, and also registered a 115% year-to-date volume growth from 2015.

Average Daily Volumes (ADV) in DGCX’s gold product suite touched 2,749 contracts in August, growing 15% from last year, while average OI in August 2016 was up by 153%.

Commenting on DGCX’s performance, Gaurang Desai, CEO of DGCX said:  “We are pleased to end the summer on a high note. The last few months saw DGCX set number of volume and open interest records. Yet as we move forward to the rest of the year, our focus remains on development of two key parameters which is (a) introducing more products that are unique, innovative and regionally relevant and (b) expand our membership base to deepen the market outreach.”

In August 2016, Exchange also introduced what is known as Full-depth market data feed to equip sophisticated traders to understand the market dynamics more efficiently and execute newer trading strategies. The Full-depth market data flow disseminates all available market orders in an order book on real time basis for better market visibility. The new data flow works in parallel to existing Best-Five market data feed.

DGCX also offers proximity hosting services along with low-latency trading access with its telecom services partners. This premium service cuts down execution time significantly for global traders. Faster services like this encourage more participation from global market participants to access DGCX markets and in turn increase diversity in participant base. 

“We have significantly stepped up efforts on providing world-class connectivity and market accessibility solutions for our global and diversified trading community by constantly investing in our technology infrastructure and technology services. These efforts will go a long way in establishing DGCX and Dubai as a key global trading hub, amongst the likes of Chicago, New York, London, Mumbai and Singapore,” concluded Gaurang.

Background Information

Dubai Gold & Commodities Exchange

Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.

 

توقيف 41 شخصا في مظاهرات الجزائر

Published February 23rd, 2019 - 09:07 GMT
توقيف 41 شخصا في مظاهرات الجزائر
توقيف 41 شخصا في مظاهرات الجزائر

أعلنت المديرية العامة للأمن الوطني (الشرطة) الجزائرية، مساء الجمعة، توقيف 41 شخصا في مظاهرات شهدتها عدة مدن ضد ترشح الرئيس عبد العزيز بوتفليقة لولاية خامسة في انتخابات 18 أبريل/ نيسان القادم.

وأكدت إدارة الشرطة في بيان اطلعت عليه وكالة الاناضول أن عمليات التوقيف كانت بسبب “الإخلال بالنظام العام والاعتداء على القوة العامة وتحطيم الممتلكات” دون تقديم تفاصيل أكثر حول أماكن توقيف هؤلاء المتظاهرين.

والجمعة، استجاب آلاف المواطنين بعدة محافظات جزائرية، إلى دعوات للتظاهر تم تداولها عبر شبكات التواصل، ضد ترشح بوتفليقة (81 عاما) لولاية خامسة في انتخابات الرئاسة المقررة في 18 أبريل/ نيسان القادم.

واتسمت هذه المظاهرات بالسلمية في أغلب مناطق البلاد باستثناء حدوث مواجهات بين قوات مكافحة الشغب ومتظاهرين بوسط العاصمة خلال محاولتهم السير نحو القصر الرئاسي .

ووفق شهود عيان لجأت قوات الأمن إلى الغاز المسيل للدموع وتوقيف عدة أشخاص بعد تحذيرات للمتظاهرين وتعرضها للرشق بمقذوفات وحجارة قبل أن يتراجع المحتجون ويغادروا المكان.

وصبيحة اليوم نشر ناشطون معلومات عبر شبكات التواصل الاجتماعي حول توقيف عدد من زملائهم قبل بداية المظاهرات بالعاصمة.

وعلقت الرابطة الجزائرية للدفاع عن حقوق الإنسان (مستقلة) على بيان الشرطة بالمطالبة ب”الإفراج الفوري عن الموقوفين وان يتم احترام حق التظاهر سلميا” كما نشرت على صفحتها بموقع “فيسبوك”.

الأناضول


© 2000 - 2019 Al Bawaba (www.albawaba.com)

You may also like

PR Contact

Contact Name
Lara Batato

Previous PR’s

PR Rates

Buy credits to publish your articles on Al Bawaba Biz here

You May Also Like

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content