DGCX Releases Q3 2015 Volumes, Open Interest Surges Triple-Digits QoQ

The Dubai Gold and Commodities Exchange (DGCX) has released its Q3 2015 financial metrics, orchestrating the group’s largest open interest (OI) recorded with 110,145 contracts, a massive increase of 143% QoQ from Q2 2015, according to a DGCX statement.

The surge in volumes resulted from a confluence of growth headwinds in China, notwithstanding the lingering specter of rate hikes by the US’ Federal Reserve. Due in part to these factors, the exchange’s Q3 overall trading volumes climbed 36% QoQ from Q2 2015, which came in at 4,142,368 contracts.

Perhaps the broadest growth trajectory at the DGCX was reserved for its OI however, as its figure of 110,145 contracts in Q3 2015 constituted a steadfast 143% growth QoQ. In particular, the exchange’s highest ever daily OI of 223,787 contacts was achieved on September 28, 2015, having surpassed a previous high of 125,066 contracts back on August 27, 2015.

According to Gaurang Desai, CEO of DGCX, in a recent statement on the September volumes: “Open Interest (OI) is a key indicator of market confidence in trading DGCX products and we are happy to have achieved so many records in that area.

Global markets endured turbulent times last quarter which made investors realize the significance of using a regulated platform like DGCX to hedge and manage their price exposure, and this is evident from the volume growth witnessed in our gold, currency and energy products. DGCX is the only exchange in the Middle East to offer electronic trading across multiple asset classes. This is key as it facilitates capital efficiency and cross pollination amongst different products – equipping investors with various hedging and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term instruments to thrive in uncertain times,” Mr. Desai added.

Last month, the DGCX reported its metrics for the month ending August 2015, having recorded a two-year high across its volumes, which was fueled in part by heightened market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term. The impressive figure represented the highest average monthly OI recorded in 2015, with 91,797 contracts – this corresponded to a 17% jump from the previously recorded high set during the previous month when the exchange registered 78,391 contracts.