DGCX March 2022 Trading Volumes Released, AUD Futures Spiked by +744.6%

The Dubai Gold & Commodities Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (DGCX) released the trading volumes for March 2022. The monthly Average Open Interest (AOI) reached 134,154 contracts. The total trading volume was $15.74 billion.

Due to geopolitical tension, high demand was noted in the G6 Currency Future Contracts in March. The year-to-date (YTD) posted a moderate growth of +140.11% compared to 2021.

The Euro (EUR) and British Pound (GBP) futures Average Daily Volumes (ADV, year-on-year) increased by +527.5% (EUR) and +261.5% (GBP). Additionally, the Japanese yen (JPY) volumes jumped by +339.2%.

The biggest gains in terms of trading volumes were seen in the Australian Dollar (AUD), +744.76%.

Moreover, the Pakistani Rupee (PKR) futures have posted strong trading volumes (monthly) since it was launched in 2021. PKR contracts reached 7,158 lots or $79.52 million.

DGCX at AFCM Annual Conference

The CEO of DGCX, Les Male commented on the figures, “Trading activity for March was led by the DGCX’s currency portfolio, as market participants looked to manage currency risk in an uncertain climate arising from geopolitical events and changing monetary policies.

"The G6 Currency portfolio, in particular, saw a significant increase in demand, with all six contracts witnessing an uptick in volumes. We remain committed to providing our members with innovative and value-added products and continue to work towards offering them the best possible trading experience.”

The DGCX was active at the Arab Federation of Capital Markets (AFCM) Annual Conference. The event brought over 2,000 people from exchanges, regulatory entities, brokers, investment funds and journalists.

In addition, a webinar took place with the Global Islamic Financial Services (GIFS). Shariah gold futures and other Islamic financial products were discussed at the webinar.

Furthermore, the Dubai Commodities Clearing Corporation (DCCC) affirmed the renewal of its recognition as a third country CCP (TC-CCP) by the European Securities and Markets Authority (ESMA ESMA European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t European Securities and Markets Authority (ESMA) is an independent Authority of the European Union that is responsible for the safety, security, and stability of the European Unions’ financial system and is charged with protecting the public. The European supervisory authority for the securities sector, ESMA was established on 1 January 2011. The European Securities and Markets Authority is an independent EU authority based in Paris. It aims to contribute to the effectiveness and stability of t Read this Term).