DGCX Silver Futures Posted Dramatic Surge in YTD Volumes

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) registered strong investor interest in Silver Futures Contract during the month of February this year. The contracts recorded year-to-date volume growth of 348.35% compared with the corresponding period a year before. The strong interest in precious metals was mainly triggered by market volatility. Incidentally, the silver prices had soared to hit the highest level in eight years in early-February 2021.

The DGCX recorded the third highest Average Open Interest (AOI) in its Euro (EUR) FX Rolling Futures Contracts since its launch. The exchange witnessed remarkable increase in its Indian Rupee (INR) Future Contracts trading towards month-end. DGCX recorded a monthly Open Interest (OI) of 168,000 lots and total volume of 121,570 contracts on 26th Feb, 2021, the press release said.

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The Exchange announced launch of new Pakistani Rupee Futures (PKR) Contract, which will enable market participants in the region to expand their trading opportunities in the Pakistani market. The contract size will be 2,000,000 of base currency (PKR) and will be traded and cash settled in US Dollars (USD).

DGCX is committed to introduce even more innovative products and solutions that meet their customers’ demand, said Les Male, CEO, DGCX.