MTECHTIPS

MTECHTIPS:-DGCX records highest monthly volume in Sept, Euro futures up 414%

Dubai Gold and Commodities Exchange (DGCX) registered its highest ever monthly volumes in September, reaching 971,675 contracts, a 100% increase from the same month last year. The Exchange’s total monthly volume was valued at $ 38.08 billion, the highest ever monthly trading value it has ever recorded.DGCX ended the third quarter of the year with year-to-date volumes of 6,724,161 contracts, a significant rise of 143% from last year DGCX’s currency segment rose 105% year-on-year to end the month on 901,712 contracts. One of the key performers of the month was Euro futures, which recorded a massive year-on-year jump of 415%, aggregating 38,851 contracts – the highest monthly volumes the contract has achieved this year. Indian Rupee Futures maintained its high-growth trend this year, rising 101% year-on-year to reach 859,739 contracts in September.Among precious metal futures, Gold continued its robust performance in September, rising 46% from last year to aggregate 58,897 contracts. Silver futures grew 133% from last month, while copper increased by 8% to reach 1,781 and 7,852 contracts respectively.