DGCX Volumes Register Substantial Growth YoY, Hit Fresh Record in February
- Euro, pound sterling and Australian dollar futures showed their highest monthly volumes in February 2018.
Total trading volumes on Dubai Gold and Commodities Exchange (DGCX), the region’s leading commodities derivatives venue, touched a record new high of 2,097,739 contracts in February, registering the exchange’s highest overall monthly value of above $47.03 billion.
Discover credible partners and premium clients at China’s leading finance event!
Building on the standout performance, the DGCX witnessed high volumes in the currency segment, with its flagship Indian rupee contract signifying the growth trajectory in the first quarter. More specifically, ADV on Indian rupee options registered strong year-on-year growth of 38 percent, with over 56,328 lots traded per day, valued at $1.74 billion.
The exchange said in a statement that euro, pound sterling and Australian dollar futures showed their highest monthly volumes in February 2018. Taking a year-to-date (YTD) prospective, trading volumes in the three currencies registered impressive growth of 207 percent, 160 percent and 76 percent, respectively, relative to the comparable period in 2017.
DGCX’s precious metals suite also emerged as one the best performers in February, with the segment’s overall volumes registering an incremental growth of double digits. Volumes in Gold Quanto Futures were up by 120 percent from last February, coming in at 1,714 contracts.
Les Male, CEO of the Dubai Gold and Commodities Exchange, commented: “Last month was an extremely volatile period for the global financial markets, because of which traders are continuously seeking protection and various hedging mechanisms to mitigate their risk. These volatility spikes correspond with the record trading volumes and increased participation at the DGCX, as the Exchange offers a diverse range of products and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. Read this Term tools that support traders and investors during rapid market movements. In addition, the Exchange deploys the best risk management and surveillance systems which allow our markets participants to trade with confidence and also monitor risk in real-time.”
Total trading volumes on Dubai Gold and Commodities Exchange (DGCX), the region’s leading commodities derivatives venue, touched a record new high of 2,097,739 contracts in February, registering the exchange’s highest overall monthly value of above $47.03 billion.
Discover credible partners and premium clients at China’s leading finance event!
Building on the standout performance, the DGCX witnessed high volumes in the currency segment, with its flagship Indian rupee contract signifying the growth trajectory in the first quarter. More specifically, ADV on Indian rupee options registered strong year-on-year growth of 38 percent, with over 56,328 lots traded per day, valued at $1.74 billion.
The exchange said in a statement that euro, pound sterling and Australian dollar futures showed their highest monthly volumes in February 2018. Taking a year-to-date (YTD) prospective, trading volumes in the three currencies registered impressive growth of 207 percent, 160 percent and 76 percent, respectively, relative to the comparable period in 2017.
DGCX’s precious metals suite also emerged as one the best performers in February, with the segment’s overall volumes registering an incremental growth of double digits. Volumes in Gold Quanto Futures were up by 120 percent from last February, coming in at 1,714 contracts.
Les Male, CEO of the Dubai Gold and Commodities Exchange, commented: “Last month was an extremely volatile period for the global financial markets, because of which traders are continuously seeking protection and various hedging mechanisms to mitigate their risk. These volatility spikes correspond with the record trading volumes and increased participation at the DGCX, as the Exchange offers a diverse range of products and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, most brokers employ a risk management department tasked with analyzing the data and flow of the broker to mitigate the firm’s exposure to financial markets moves. Why Risk Management is a Fixture Among BrokersTraditionally the company is employing a risk management team that is monitoring the exposure of the brokerage and the performance of select clients which it deems risky for the business. Common financial risks also come in the form of high inflation, volatility across capital markets, recession, bankruptcy, and others.As a countermeasure to these issues, brokers have looked to minimize and control the exposure of investment to such risks.In the modern hybrid mode of operation, brokers are sending out the flows from the most profitable clients to liquidity providers and internalize the flows from customers.This is deemed less risky and are likely to incur losses on their positions.This in turn allowing the broker to increase its revenue capture. Several software solutions exist to assist brokers to manage risk more efficiently and as of 2018, most connectivity/bridge providers are integrating a risk-management module into their offerings. This aspect of running a brokerage is also one of the most crucial ones when it comes to employing the right kind of talent. Read this Term tools that support traders and investors during rapid market movements. In addition, the Exchange deploys the best risk management and surveillance systems which allow our markets participants to trade with confidence and also monitor risk in real-time.”