arabtoday
Last Updated : GMT 21:44:18
Arab Today, arab today
Arab Today, arab today

Dubai derivatives exchange DGCX posts record turnover in Q1

Arab Today, arab today

Arab Today, arab today Dubai derivatives exchange DGCX posts record turnover in Q1

Dubai Gold and Commodities Exchange
Dubai - XINHUA

The Dubai Gold and Commodities Exchange (DGCX) said on Monday that it recorded in the first three months in 2016 a trading volume of 4.5 million contracts, representing a 37 percent year-on-year increase and the highest quarterly volume in its 11-year history.

DGCX, the biggest international market in the Middle East for options and future contracts on commodities, precious metals and currencies, also said the average daily volumes in the first quarter reached 72,306 contracts, recording a growth of 39 percent over the corresponding period last year.

Options on the Indian Rupee saw the trading of 80,935 contracts, up 217 percent year on year.

In the energy segment, the oil (West Texas Intermediate) contract witnessed an increase of 305 percent, registering a total of 37,640 contracts.

DGC's CEO, Gaurang Desai, said global markets have been witnessing exceptional volatility owing to factors such as consistently low oil prices, economic slowdown across the globe and changes in various exchange rates.

"This has, however, led investors to adopt a more cautious approach and increasingly make use of exchanges like DGCX that provides effective hedging and risk mitigation mechanisms to ease the financial pressures in times of economic uncertainty," he said.

"As the exchange continues to grow its product offerings and member base, we remain upbeat about getting past this volume growth in the next quarter," Desai said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai derivatives exchange dgcx posts record turnover in q1 Arab Today, arab today dubai derivatives exchange dgcx posts record turnover in q1

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Ajman Tourism launches time capsule

GMT 13:17 2016 Friday ,25 November

Ajman Tourism launches time capsule
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today US-led coalition admits 54 deaths

GMT 08:47 2016 Friday ,02 December

US-led coalition admits 54 deaths
Arab Today, arab today French satire mag hits Germany

GMT 09:52 2016 Thursday ,01 December

French satire mag hits Germany

GMT 12:16 2016 Friday ,02 December

Dow ends at fresh record; Nasdaq tumbles 1.4%

GMT 01:19 2016 Friday ,02 December

Kuwait Bourse Ends Thursday in Green Zone

GMT 21:38 2016 Thursday ,01 December

US Stocks Mostly Low on Wednesday

GMT 21:01 2016 Thursday ,01 December

Chinese Yuan Weakens to 6.8958 against USD Thursday

GMT 00:42 2016 Thursday ,01 December

Boursa Kuwait Closes on Mixed Note
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today Punk memorabilia torched

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today To find German funny bone

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 08:49 2016 Monday ,28 November

Israeli Arab rapper's music provokes

GMT 11:55 2016 Monday ,21 November

Amal Al-Qubaisi attends reception

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 09:35 2016 Saturday ,19 November

Hyperloop One settles co-founder

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday