Indian Rupee Futures Increased by 22% in July at Dubai Gold & Commodities Exchange
- DGCX’s overall trade volumes grow by 18% in July. Among the less traded currency pairs at the Emirate venue, British Pound, Australian Dollars and Yen Futures, increased by 45%, 47% and 7% respectively.
Trading volumes at the Dubai Gold and 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) grew 18% in July from the previous month, reaching 992,061 contracts, valued at $29.95 billion according to the venue’s figures released today.
DGCX Gold Futures traded 39,536 contracts in July, growing 15% year-on-year and 10% month-on-month. The metals segment grew 24% year-on-year with silver futures witnessing year-on-year growth of over 300%.
In the DGCX's currency segment, Indian Rupee Futures grew 22% from last month, while Mini Indian Rupee Futures rose 3%. The Indian Rupee Options contract which was reintroduced on July 18 traded 343 contracts. Among the other currency pairs, British pound, Australian dollar and Yen Futures, grew 45%, 47% and 7% respectively, but those are less active at the venue.
DGCX's BSE Sensex Futures, one of the key performers for the month, recorded the second highest ever monthly volume of 21,466 contracts, surging 441% year-on-year. The Indian Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term futures also recorded the second highest ever monthly trade of 12,911 trades in July. During the month, DGCX recorded the highest ever average Daily Open Interest of 54,718 contracts. Both Indian Rupee Futures and BSE Sensex Futures also recorded the highest ever average Daily Open Interest of 43,929 and 692 contracts respectively.
Gary Anderson, CEO of DGCX, commented in the announcement: "The increased trading activity in Gold, Sensex and Indian Rupee products demonstrates the growing interest from market participants in using a diversified mix of derivative products to hedge against price exposure. We are particularly pleased by the initial response to our re-introduced Indian Rupee Options contract which will complement DGCX's successful Indian product offering. We remain committed to the launch of new products in currency, precious metals, equity and agricultural segments, which will further expand DGCX's existing product portfolio."
Trading volumes at the Dubai Gold and 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) grew 18% in July from the previous month, reaching 992,061 contracts, valued at $29.95 billion according to the venue’s figures released today.
DGCX Gold Futures traded 39,536 contracts in July, growing 15% year-on-year and 10% month-on-month. The metals segment grew 24% year-on-year with silver futures witnessing year-on-year growth of over 300%.
In the DGCX's currency segment, Indian Rupee Futures grew 22% from last month, while Mini Indian Rupee Futures rose 3%. The Indian Rupee Options contract which was reintroduced on July 18 traded 343 contracts. Among the other currency pairs, British pound, Australian dollar and Yen Futures, grew 45%, 47% and 7% respectively, but those are less active at the venue.
DGCX's BSE Sensex Futures, one of the key performers for the month, recorded the second highest ever monthly volume of 21,466 contracts, surging 441% year-on-year. The Indian Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term futures also recorded the second highest ever monthly trade of 12,911 trades in July. During the month, DGCX recorded the highest ever average Daily Open Interest of 54,718 contracts. Both Indian Rupee Futures and BSE Sensex Futures also recorded the highest ever average Daily Open Interest of 43,929 and 692 contracts respectively.
Gary Anderson, CEO of DGCX, commented in the announcement: "The increased trading activity in Gold, Sensex and Indian Rupee products demonstrates the growing interest from market participants in using a diversified mix of derivative products to hedge against price exposure. We are particularly pleased by the initial response to our re-introduced Indian Rupee Options contract which will complement DGCX's successful Indian product offering. We remain committed to the launch of new products in currency, precious metals, equity and agricultural segments, which will further expand DGCX's existing product portfolio."