DGCX volumes rise 28% in October

Dubai: Trading volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 28 per cent from the same period in 2013, it said in a statement on Thursday.

October saw the year’s second highest monthly volume with volumes touching 1,044,396 contracts.

DGCX’s currency segment grew 31 per cent year-on-year, accounting for 93% of total volume with 978,169 contracts traded.

“The strong performance of Indian Rupee products and Sensex Futures in October reflects the heightened interest from market participants to trade these products, especially during the period of high volatility witnessed in the middle of October,” said Gaurang Desai, interim CEO of DGCX.