DGCX Posted Strong Momentum Amidst Currency Volatility
According to DGCX press release, the contracts delivered significant value to market participants, amidst ongoing volatility in currency markets.
SEATTLE (Scrap Monster): The Dubai Gold & Commodities Exchange (DGCX) announced that its newly launched FX rolling futures contracts witnessed increased trading activity during the month of September this year. The Euro (EUR), Pound Sterling (GBP) and Australian Dollar (AUD) Futures Contracts, all against the U.S. Dollar (USD), maintained strong momentum.
According to DGCX press release, the contracts delivered significant value to market participants, amidst ongoing volatility in currency markets. All the above three contracts traded a combined total of 6,449 contracts valued at $75 million, since their launch in the month of July this year. The exchange’s Euro and British Pound Futures Contracts recorded year-to-date (YTD) volume growth of 193% and 327% respectively, as compared with the same period a year before.
Les Male, CEO, DGCX said that the FX Rolling Futures Contracts witnessed great traction in September, as participants showed increased interest to leverage dynamic tools to manage their risk. The unique products will continue to extend strong growth trajectory in the last quarter of the year, especially due to looming global uncertainties. The exchange will launch more innovative products aimed at providing significant value to investors during these difficult times, Male added.
YOU MAY ALSO BE INTERESTED IN:
Precious Metals Trading Spiked on Dubai Gold & Commodities Exchange
- New Study: Great Lakes Beaches are Littered with Plastic Trash
- Winnebago, WI County Solid Waste to Host Boat Wrap Recycling Event
- Plastics Industry Association Announces 2024 Plastic Sustainability Innovation Award Winners
- Millennium Recycling and Waste Robotics Collaborate to Achieve a 55% Increase in Recovery Rates
Scrap Metal Prices
Copper Scrap | ||
Alternator | 0.32 | $US/Lb |
#1 Copper Bare Bright | 3.75 | $US/Lb |
Aluminum Scrap | ||
356 Aluminum Wheels (Clean) | 0.73 | $US/Lb |
6061 Extrusions | 0.64 | $US/Lb |
Steel Scrap | ||
#1 Bundle | 460.00 | $US/MT |
#1 Busheling | 480.00 | $US/MT |
Electronics Scrap |