DGCX Indian Rupee contract records highest ever daily volume

Press release

Published June 26th, 2011 - 01:07 GMT

Al Bawaba

The Dubai Gold & Commodities Exchange announced that trading in the Indian Rupee/Dollar futures contract reached an all time daily high of 15,509 contracts, valued at US $ 688.52 million, on June 23, 2011. The contract also set an open interest record of 7,811 contracts on the same day.

The new record for the Indian Rupee contract surpasses the previous 12,499 contracts worth US $ 551.55 million achieved on February 22^nd, 2011. The new open interest record for the contract exceeds the previous high of 7,578 set on June 13^th, 2011.

DGCX reached its highest ever daily total open interest of 13,033 on the day, beating the previous record of 12,294 set on June 22^nd, 2011. DGCX also achieved its second highest daily volumes with a total of 18,510 contracts, valued at US $868.32 million on June 23^rd, 2011.

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.