DGCX Posted Strong Momentum Amidst Currency Volatility

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.

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