DGCX January 2012 Volumes Jump 95% from 2011, currency futures rise 124%
- Gold futures rise 355.7% from December 2011 to reach 30,567 contracts
- Monthly volumes of 475,942 contracts represent value of $ 19.32 billion
- India Rupee record the highest monthly volume every of 431,902 contracts in January
DGCX is growing quite rapidly. Its annual volumes for 2011 registered a substantial growth of 110% from 2010 to reach 4,044,138 contracts, the highest ever annual volumes achieved by the Exchange since inception. The annual volumes represent a value of $185.13 billion. In 2011, the Exchange reached a major milestone of 10 million contracts since inception on 19 December. Since its launch in 2005, the Exchange has so far traded 10,142,979 contracts, valued at $476 billion. Dubai Gold and Commodities Exchange (DGCX) got off to a strong start in 2012 with January volumes rising 95% from the same month last year to hit 475,942 contracts, valued at $ 19.32 billion. Average daily volume (ADV) on DGCX in January was 21,634 contracts, up 86% from the 11,637 contracts traded per day a year ago. January volumes were propelled primarily by currency futures, which aggregated 442,345 contracts, rising 124% from last year. Indian Rupee futures sustained its exceptional growth momentum, climbing 157% from January last year and reaching the highest ever monthly volume of 431,902 contracts. Among other currency futures, Sterling/Dollar grew 14% while Dollar/Yen rose 39% from December 2011 to reach 2,246 and 386 contracts respectively. US Dollar/Canadian Dollar futures also grew substantially by 104% over the previous month to reach 330 contracts. Gold futures saw brisk trading in January, up 355.7% from December 2011 and hitting 30,567 contracts. Stephen Gaterell, CEO of DGCX said: "The robust start to the year is a good portent for a strong performance in 2012. With 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 in currency and commodity markets continuing to be a feature of today's uncertain economic environment, DGCX products will be extremely valuable tools for market participants seeking to manage currency and commodity price risk. As a result, we are continuing to investigate options to expand our product offering as well as explore means of enhancing Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in our existing contracts." Meanwhile, WTI Crude futures registered strong growth of 34% from the previous month, reaching 1,833 contracts.
- Gold futures rise 355.7% from December 2011 to reach 30,567 contracts
- Monthly volumes of 475,942 contracts represent value of $ 19.32 billion
- India Rupee record the highest monthly volume every of 431,902 contracts in January
DGCX is growing quite rapidly. Its annual volumes for 2011 registered a substantial growth of 110% from 2010 to reach 4,044,138 contracts, the highest ever annual volumes achieved by the Exchange since inception. The annual volumes represent a value of $185.13 billion. In 2011, the Exchange reached a major milestone of 10 million contracts since inception on 19 December. Since its launch in 2005, the Exchange has so far traded 10,142,979 contracts, valued at $476 billion. Dubai Gold and Commodities Exchange (DGCX) got off to a strong start in 2012 with January volumes rising 95% from the same month last year to hit 475,942 contracts, valued at $ 19.32 billion. Average daily volume (ADV) on DGCX in January was 21,634 contracts, up 86% from the 11,637 contracts traded per day a year ago. January volumes were propelled primarily by currency futures, which aggregated 442,345 contracts, rising 124% from last year. Indian Rupee futures sustained its exceptional growth momentum, climbing 157% from January last year and reaching the highest ever monthly volume of 431,902 contracts. Among other currency futures, Sterling/Dollar grew 14% while Dollar/Yen rose 39% from December 2011 to reach 2,246 and 386 contracts respectively. US Dollar/Canadian Dollar futures also grew substantially by 104% over the previous month to reach 330 contracts. Gold futures saw brisk trading in January, up 355.7% from December 2011 and hitting 30,567 contracts. Stephen Gaterell, CEO of DGCX said: "The robust start to the year is a good portent for a strong performance in 2012. With 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 in currency and commodity markets continuing to be a feature of today's uncertain economic environment, DGCX products will be extremely valuable tools for market participants seeking to manage currency and commodity price risk. As a result, we are continuing to investigate options to expand our product offering as well as explore means of enhancing Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in our existing contracts." Meanwhile, WTI Crude futures registered strong growth of 34% from the previous month, reaching 1,833 contracts.