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Gold November 08, 2019 09:30:40 AM

DGCX Recognized as ‘Exchange of the Year’, Second Time in a Row

Paul Ploumis
ScrapMonster Author
The exchange set a new volume record, trading over 22.2 million contracts.

DGCX Recognized as ‘Exchange of the Year’, Second Time in a Row

SEATTLE (Scrap Monster): The Dubai Gold & Commodities Exchange (DGCX) was honoured with ‘Exchange of the Year’ award at the FOW Global Investor MENA Awards 2019. This is the second time in a row that the exchange has been named as the award winner.

The award is in recognition of the remarkable growth in terms of trading volume, notional value and open interest. The exchange recorded notable progress, in comparison with its peers, in catering investors’ demands through multiple innovative product launches during the qualifying period.

ALSO READ: DGCX Declares RAKBANK as its New Trade Member

The exchange set a new volume record, trading over 22.2 million contracts. The notional value of traded contracts, which exceeded $449 billion, too exceeded that of other exchanges in the region. DGCX expanded its customer base and widened investor participation. In addition, it played a key role in enhancing market liquidity through its investor-centric product portfolio. The Indian Rupee products clocked record-breaking performance during the period.

Commenting on receiving the prestigious honour, Les Male, CEO, DGCX stated the award is a testimony of its incredible journey of growth over the past one year period. The award is hugely gratifying and will encourage the exchange to continue its efforts to keep building on its achievements, he added.

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