Dubai: Volume on the Dubai Gold and Commodities Exchange (DGCX) increased 30 per cent month-on-month in May, but a year-on-year decline of 12 per cent, with 139,565 contracts traded, valued at $7.64 billion, the exchange said in a statement.
Of the total volume, 79,889 contracts were traded in DGCX currency futures, an increase of 128 per cent over last year. May volumes grew in comparison to the previous month.
Gold, silver and WTI crude oil futures traded 43,525, 5,446 and 10,705 contracts, a rise of 40 per cent, 119 per cent and 63 per cent respectively. Euro/dollar and sterling/dollar showed month-on-month increases of 68 per cent and 7 per cent respectively, with 39,787 and 24,903 contracts traded.
Eric Hasham, Chief Executive Officer of DGCX, said, "The higher volume in May compared with the previous month demonstrates the momentum that we have achieved to date this year in attracting more trading activity and participants to the exchange."
