DGCX Starts 2021 Strongly, Trading A Total Value Of USD 12.68bn In January Date
01/02/2021
The Dubai Gold & Commodities Exchange (DGCX) today announced that it traded a total value of USD 12.68 billion in January, as well as registered an average monthly Average Open Interest (AOI) of 155,655 contracts.
During the month, the DGCX’s Silver Futures product continued to perform strongly recording a year-to-date (Y-T-D) volume growth of 556.49% compared to the same period last year. The exchange also registered the highest open interest for its Euro (EUR) FX Rolling Futures Contracts since its launch, with 1,932 contracts as members looked to manage their risk.
DGCX trade value hits $12.68bn in January
DUBAI, February 1, 2021 The Dubai Gold & Commodities Exchange (DGCX) said that it traded a total value of $12.68 billion in January, as well as registered an average monthly Average Open Interest (AOI) of 155,655 contracts. During the month, the DGCX’s Silver Futures product continued to perform strongly recording a year-to-date (Y-T-D) volume growth of 556.49% compared to the same period last year. The exchange also registered the highest open interest for its Euro (EUR) FX Rolling Futures Contracts since its launch, with 1,932 contracts as members looked to manage their risk. Les Male, CEO of DGCX, said: “After a challenging 2020, we are delighted to begin the year with the launch of a new product, the Daily Gold Futures Contract, which further expands our portfolio of precious metal products. This represents just one of many services that we hope to introduce in the coming year, as we aim to provide additional hedging and inve
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DGCX Launches Daily Gold Futures Contract Date
25/01/2021
The Dubai Gold & Commodities Exchange (DGCX) today announced that it has launched a 12.5kg physically delivered Daily Gold Futures Contract, available for trading today. As the first-of-its-kind in the region, the contract builds on DGCX’s growing suite of precious metal products. The Daily Gold Futures Contract was introduced in response to increased market demand and will be cleared by the Dubai Commodities Clearing Corporation (DCCC).
The Daily Gold Futures Contract is certified in accordance to Dubai Good Delivery (DGD) standards which are regarded as the international benchmark for quality and technical specifications for production of Gold and Silver . The Daily Gold Futures Contract size is 400 troy ounces, with a weight tolerance of 350 troy ounces. Initial brands will include Emirates Gold DMCC and Al Etihad Gold Refinery DMCC, with the possibility of additional brands being added in the future. The contrac