The Dubai Gold & Commodities Exchange (DGCX) has reported its trading volumes for the 2015 fiscal year, which coincided with sizable growth across the majority of its business, according to a DGCX statement.
More specifically, the exchange reported its highest ever volumes of 14.5 million contracts for the 2015 year, good for a YoY increase of 23% from its 2014 counterpart. This was fueled in large part by steadfast growth across its derivative and commodities volumes.
The DGCX has also strengthened its comprehensive offering with a number of recent instruments that were each launched in Q4 2015. These included the launch of its Dubai Spot Gold contracts, which allowed investors to purchase and sell physical bars on the exchange for the first time.
Is it Time For Banks to Move Over And Create Space For Blockchain?Go to article >>
Moreover, the exchange made a splash when it launched its Chinese Yuan Futures, helping facilitate the use of the yuan to both regional and global participants amidst a parallel effort by China to help prioritize the trading and internationalization of its currency.
Over a yearly timeframe however, the DGCX had introduced no less than seven new contracts in 2015 including three Indian Rupee Futures, India Gold and India Silver, two mini hydrocarbons contracts, Mini WTI, as well as the aforementioned Chinese Yuan Futures and Dubai Spot Gold Contracts.
According to Gaurang Desai, Chief Executive Officer (CEO) of DGCX in a recent statement on the yearly performance: “With record-high trading volumes and the launch of our Spot Gold Contract in 2015, DGXC is clearly positioned as the Middle East’s leading derivatives bourse and well prepared to grow and develop our commodities trading platform so market participants can trade efficiently and with confidence.”