The Dubai Gold & Commodities Exchange (DGCX) recorded a robust start to the year, with a total of 1,176,111 contracts traded in January, an increase of 22% over December 2014.
The metals segment was the main driver of volume growth, growing 24% month-on-month with 55,661 contracts traded. DGCX’s flagship product, Gold Futures led the growth, trading 47,206 contracts in January, up by 13% month-on-month and 23% year-on-year.
DGCX’s Currency segment grew 13% year-on-year. The Mini Indian Rupee Futures grew 39% year-on-year and 24% from the previous month while Indian Rupee Futures grew 23% month-on-month. The Hydrocarbon segment witnessed a 22% growth from the previous year. WTI Futures led the growth, rising 21% month-on-month and 13% year-on-year.
Other new products also performed well with the MSCI Indian Rupee and US Dollars Indices growing 133% and 189% respectively, and the Mini INR denominated in British Pounds and Euro, both introduced in November, rose 55% and 25% respectively.
Source : WAM News Agency for United Arab Emirates
