The Dubai Gold and Commodity Exchange (DGCX) has posted is June and first half 2013 volume figures. For the month, volumes reached an all-time high of 1,593,150 contracts, a 73% YoY increase, with a notional value of $43.77 billion. Indian rupee futures composed of 73.6% of total volumes, and recorded a single day high of trading on June 20th of 101,408 contracts. The DGCX also reported continued strength in its recently launched mini-Indian rupee contracts which traded 369,725 contracts on the month.
For the first half of the year, total trading increased 101% YoY, reaching 7,716,340 contracts, with a notional value of $268.85 billion. Currency trading led the way higher, as volumes increased 112% from the same period in 2012. The DGCX reported that Indian rupee volumes rose 95% from 2012, reaching $242.5 billion in trading. Also mentioned was an increase in interest for euro futures, which saw volumes increase 280% during the first half of 2013.
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Commenting on the news, Gary Anderson, CEO of DGCX said, “Our exceptional H1 volume growth has been driven not only by our successful existing contracts, such as Indian Rupee futures and Gold futures, but also by the Exchange’s ability to enhance liquidity and widen investor participation in new contracts. Our new trading platform launched in March is also helping the Exchange accelerate volume growth through a range of new functionalities and by supporting the launch of new and innovative products.”