DGCX Begins 2013 With Record Monthly Volume - 1.1 Million Contracts in January

The Dubai Gold and Commodites 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) has produced record results for January 2013, with volumes totaling over 1.1 million contracts, valued at $ 43.55 billion.

Indian Rupee futures also recorded the highest ever monthly volume of 982,358 contracts, and daily volume was the highest ever experienced by the DGCX at a daily value of contracts at $2.07 billion per day.

The Dubai Gold and Commodities Exchange (DGCX) registered a monthly volume of 1,108,614 contracts in January, a year-on-year increase of 133%. January 2013 volumes, its highest ever monthly volumes, represent a value of $43.55 billion.

The Exchange also recorded its highest ever average daily volume and value of contracts at 52,791 contracts and $2.07 billion per day respectively in January. During the course of this successful month, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates spoke to DGCX's CEO Gary Anderson on the exchange's vision for 2013.

Currency futures were a key driver of growth, registering its highest ever monthly volume of 1,039,602 contracts, up 135% from January 2012. Sustaining its robust performance in the last year, Indian Rupee futures saw brisk trading, registering its highest ever monthly volume of 982,358 contracts, valued at $36.14 billion.

The Indian Rupee futures contract also recorded its highest ever monthly value of $36.14 billion and the highest number of daily trades at 48,901 contracts on January 17. The precious metals sector also saw substantial growth in January led by Gold Futures, which registered an increase of 89% from January 2012 to aggregate 57,788 contracts.

Gary Anderson, Chief Executive Officer, DGCX, said, "We are delighted to start 2013 with record-breaking monthly volumes. DGCX's sustained high growth is testament to its ability to provide market participants with innovative investment and hedging tools and a highly supportive and secure trading and clearing environment. Our products are appealing to an increasingly wider range of retail and institutional clients both regionally and internationally and in 2013 we look forward to further widening our customer base by enhancing the product portfolio and value we offer the marketplace."