DGCX March Trading Activity Propelled by G6 Currency Portfolio
Among G6 currency pairs, the Euro and British Pound futures contracts recorded ADV growth of 527.5% and 261.5% respectively over the previous year.
SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) trading volumes were led by G6 currencies in the month of March this year, said the latest news release by the exchange.
The exchange recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month. The monthly trades were valued at $15.74 billion. It witnessed huge surge in demand for G6 Currency Future Contracts, recording a year-to-date growth of 140.11%, compared with the same period last year. The surge was mainly driven by a combination of factors including inflation, policy decisions and ongoing geo-political conflict around the globe.
Among G6 currency pairs, the Euro and British Pound futures contracts recorded ADV growth of 527.5% and 261.5% respectively over the previous year. The trading volumes in the Japanese Yen, and Australian Dollar registered significant year-to-date growth of 339.2% and 755.76% respectively. Also, the Pakistani Rupee (PKR) Futures Contract too registered its highest monthly volume since its launch in 2021.
The DGCX’s G6 Currency Portfolio witnessed significant surge in demand, with all six contracts recording uptick in volumes, noted Les male, CEO, DGCX.
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