DGCX November volumes rise 121 % year-on-year, currency futures represent 90% of total volume, Alpari gets license to trade for clients

by Michael Greenberg
  • DGCX currency futures were the main driver of the growth in trading volumes in November accounting for almost 90% of total volumes. Currency futures volumes increased 200 % on last year to touch 396,740 contracts in November 2011. Indian Rupee futures volumes in November reached 379,811 contracts, a substantial increase of 310% from last year’s November volumes.
DGCX November volumes rise 121 % year-on-year, currency futures represent 90% of total volume, Alpari gets license to trade for clients
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DGCX currency futures were the main driver of the growth in trading volumes in November accounting for almost 90% of total volumes. Currency futures volumes increased 200 % on last year to touch 396,740 contracts in November 2011. Indian Rupee futures volumes in November reached 379,811 contracts, a substantial increase of 310% from last year’s November volumes. The new Indian Rupee options contract registered substantial growth in November rising 1048% from October to reach 2,055 contracts.

Stephen Gaterell, Chief Executive Officer, DGCX, said, “Over 2011, DGCX has seen a steady growth in trading activity and the rise in November volumes reflects a continuation of this growth momentum. These figures suggest a strong annual performance for DGCX in 2011. In an economic environment marked by strong Volatility , DGCX has distinguished itself by its ability to offer the best tools in the region to manage currency and commodity price risk. We look forward to further expanding trading opportunities in commodity and currency derivatives in the region.”

Euro/Dollar increased 51% from October to aggregate 9,919 contracts in November while Sterling/Dollar grew 5% from last month to touch 2,055 contracts. Swiss Franc futures grew substantially by 337% from last month to reach 1,526 contracts while Australian Dollar and Canadian dollar declined 1% and 12 % to reach 867 and 263 contracts respectively.

Among precious metals, DGCX Gold futures registered strong growth in November rising 191.9% from the previous month to reach 22,194 contracts. Silver futures also increased 63% from last month to reach 3,341 contracts.

Meanwhile, three DGCX Members received licences from the Securities and Commodities Authority (SCA), in November, to conduct trading for clients. Members that received SCA licences included Alpari ME DMCC; Luxuris Commodities DMCC ; and Sharewealth Commercial Brokers LLC.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.

DGCX currency futures were the main driver of the growth in trading volumes in November accounting for almost 90% of total volumes. Currency futures volumes increased 200 % on last year to touch 396,740 contracts in November 2011. Indian Rupee futures volumes in November reached 379,811 contracts, a substantial increase of 310% from last year’s November volumes. The new Indian Rupee options contract registered substantial growth in November rising 1048% from October to reach 2,055 contracts.

Stephen Gaterell, Chief Executive Officer, DGCX, said, “Over 2011, DGCX has seen a steady growth in trading activity and the rise in November volumes reflects a continuation of this growth momentum. These figures suggest a strong annual performance for DGCX in 2011. In an economic environment marked by strong Volatility , DGCX has distinguished itself by its ability to offer the best tools in the region to manage currency and commodity price risk. We look forward to further expanding trading opportunities in commodity and currency derivatives in the region.”

Euro/Dollar increased 51% from October to aggregate 9,919 contracts in November while Sterling/Dollar grew 5% from last month to touch 2,055 contracts. Swiss Franc futures grew substantially by 337% from last month to reach 1,526 contracts while Australian Dollar and Canadian dollar declined 1% and 12 % to reach 867 and 263 contracts respectively.

Among precious metals, DGCX Gold futures registered strong growth in November rising 191.9% from the previous month to reach 22,194 contracts. Silver futures also increased 63% from last month to reach 3,341 contracts.

Meanwhile, three DGCX Members received licences from the Securities and Commodities Authority (SCA), in November, to conduct trading for clients. Members that received SCA licences included Alpari ME DMCC; Luxuris Commodities DMCC ; and Sharewealth Commercial Brokers LLC.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.
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