DGCX Traded Volumes Hit New Record in 2018

SEATTLE (Scrap Monster): The Dubai Gold & Commodities Exchange (DGCX) reported exceptional year of operations in 2018, with annual volumes hitting a new record. The exchange traded 22.26 million contracts during the year, significantly higher by 28% when matched with 2017. The value of traded contracts totaled $474.94 billion, beating the earlier record of $448billion in 2013. The average daily volumes hit an all-time high of 86,615 lots during the year.

During May 2018, the exchange recorded its best month since inception. A record 2.164million contracts were traded during the month, with value of traded contracts touching $46.1 billion. DGCX also reported the best Q3 in its history with total trades of 5.863 million lots. The best performing asset classes in 2018 were the Indian Rupee (INR) product suite and the G6 currency futures, the volumes of which grew by 25% and 9% respectively from 2017.

In March 2018, the exchange reported a landmark achievement by launching the GCC’s first and the world’s only exchange-traded Shari’ah Compliant Spot Gold contract. The exchange also upgraded its trading and clearing solution to the enhanced version of the TRADExpress platform.

The DGCX was named ‘EMEA Exchange of the Year’ for the first time at the Future & Options World (FOW) Global Investor Awards 2018 held in London. It also won the ‘Exchange of the Year’ accolade at the prestigious Global Investor MENA Awards 2018, for the second consecutive year.