Dubai derivatives trading hits new record - August 2011
Tuesday,13/09/2011|06:59GMTby
Adil Siddiqui
Following on from strong performance in this year the DGCX has again reported strong results for spring/summer trading in 2011. The Dubai Gold and Commodities Exchange (DGCX) saw a significant rise in trading activity in the month of August, with the Exchange breaking volume records in four products, in addition to setting all‐time monthly and daily average volume records.
Following on from strong performance this year the DGCX has again reported strong results for spring/summer trading in 2011.
The Dubai Gold and Commodities Exchange (DGCX) saw a significant rise in trading activity in the month of August, with the Exchange breaking volume records in four products, in addition to setting all‐time monthly and daily average volume records. The Exchange reached its highest ever monthly volume of 548,566 contracts valued at $ 27.83 billion, a massive increase of 393% from last year. This surpasses the previous record of 310,990 contracts set in July 2011.
The exchange recorded an average daily volume record of 23,851 contracts worth $ 1.21 billion for the month of August. The Exchange also recorded its highest ever daily volume of 35,796 contracts on August 4, 2011.
DGCX currency products remained the mainstay of growth in August trading an all time monthly high of 511,279 contracts, a rise of 561% from last year. The currency segment also established a new monthly value record of $25.63 billion. Four currency futures recorded their highest ever monthly volume.
Speaking about the exceptional performance in August, Ahmed Bin Sulayem, Chairman of DGCX said: “The records set by DGCX demonstrate the increased trading interest in DGCX products not only in the region but also globally. The fact that this significant growth has been achieved
during the Holy month of Ramadan, which is generally considered a slow business phase in the region, is testimony to the fact that DGCX offers some of the best tools for managing currency
and commodity price risk in the region.” Indian Rupee futures recorded its highest ever monthly volume of 392,045 contracts valued at
$17.26 billion, a significant increase of 800% from last year. Indian Rupee Futures also recorded its highest ever average daily volume and value of 17,045 contracts and $750 million respectively. The product also saw its highest daily volume of 27,406 contracts on August 19, 2011.
Meanwhile, Euro futures reached its highest ever monthly volume of 96,202 contracts valued at $6.87 billion while Australian Dollar futures set monthly volume records of 5,737 contracts valued at $297.1 million and Swiss Franc futures recorded its highest ever monthly volume of 6,454 contracts valued at $420.4 million. In addition the Euro, Australian Dollar and Swiss Franc futures recorded their highest ever daily volume of 12,377; 662 and 841 contracts on August 5, August 11 and August 4 respectively. The three currency futures together contributed a total of 14,093 contracts valued at $813.87 million this month.
Among other products, DGCX Gold futures increased 18% year‐on‐year to reach 29,285 contracts while Silver futures rose 226% year‐on‐year to end the month with 3,380 contracts. WTI futures fell 44% to reach 4,622 contracts.
Following on from strong performance this year the DGCX has again reported strong results for spring/summer trading in 2011.
The Dubai Gold and Commodities Exchange (DGCX) saw a significant rise in trading activity in the month of August, with the Exchange breaking volume records in four products, in addition to setting all‐time monthly and daily average volume records. The Exchange reached its highest ever monthly volume of 548,566 contracts valued at $ 27.83 billion, a massive increase of 393% from last year. This surpasses the previous record of 310,990 contracts set in July 2011.
The exchange recorded an average daily volume record of 23,851 contracts worth $ 1.21 billion for the month of August. The Exchange also recorded its highest ever daily volume of 35,796 contracts on August 4, 2011.
DGCX currency products remained the mainstay of growth in August trading an all time monthly high of 511,279 contracts, a rise of 561% from last year. The currency segment also established a new monthly value record of $25.63 billion. Four currency futures recorded their highest ever monthly volume.
Speaking about the exceptional performance in August, Ahmed Bin Sulayem, Chairman of DGCX said: “The records set by DGCX demonstrate the increased trading interest in DGCX products not only in the region but also globally. The fact that this significant growth has been achieved
during the Holy month of Ramadan, which is generally considered a slow business phase in the region, is testimony to the fact that DGCX offers some of the best tools for managing currency
and commodity price risk in the region.” Indian Rupee futures recorded its highest ever monthly volume of 392,045 contracts valued at
$17.26 billion, a significant increase of 800% from last year. Indian Rupee Futures also recorded its highest ever average daily volume and value of 17,045 contracts and $750 million respectively. The product also saw its highest daily volume of 27,406 contracts on August 19, 2011.
Meanwhile, Euro futures reached its highest ever monthly volume of 96,202 contracts valued at $6.87 billion while Australian Dollar futures set monthly volume records of 5,737 contracts valued at $297.1 million and Swiss Franc futures recorded its highest ever monthly volume of 6,454 contracts valued at $420.4 million. In addition the Euro, Australian Dollar and Swiss Franc futures recorded their highest ever daily volume of 12,377; 662 and 841 contracts on August 5, August 11 and August 4 respectively. The three currency futures together contributed a total of 14,093 contracts valued at $813.87 million this month.
Among other products, DGCX Gold futures increased 18% year‐on‐year to reach 29,285 contracts while Silver futures rose 226% year‐on‐year to end the month with 3,380 contracts. WTI futures fell 44% to reach 4,622 contracts.
Aussie Regulator Ramps Up Pump-and-Dump Scheme Warning after Conviction of Four
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
Liquidity as a Business: How Brokers Can Earn More
Liquidity as a Business: How Brokers Can Earn More
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
This webinar will focuses on how brokers can create new revenue streams by launching or enhancing their liquidity business.
John Murillo, Chief Dealing Officer of the B2BROKER group, covers how:
- Retail brokers can launch their own B2B arm to distribute liquidity and boost profitability.
- Institutional brokers can upgrade their liquidity offering and strengthen their market position.
- New entrants can start from scratch and become liquidity providers through a ready-made turnkey solution.
Hosted by B2BROKER, a global fintech provider of liquidity and technology solutions, the session will reveal how to monetize liquidity, accelerate business growth, and increase profitability using the Liquidity Provider Turnkey solution.
📣 Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: / https://www.linkedin.com/company/financemagnates/
👍 Facebook: / https://www.facebook.com/financemagnates/
📸 Instagram: / https://www.instagram.com/financemagnates_official/?hl=en
🐦 X: https://x.com/financemagnates?
🎥 TikTok: https://www.tiktok.com/tag/financemag...
▶️ YouTube: / @financemagnates_official
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
How FYNXT is Transforming Brokerages with Modular Tech | Executive Interview with Stephen Miles
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
