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DGCX Volumes

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Frank View Drop Down
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Joined: 16Dec2008
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    Posted: 08Sep2009 at 7:25am

DGCX futures volume rises 44% in August

􀂃 Total volume reached 151,699 contracts in August, valued at US $8.84 billion

􀂃 Currencies recorded a year-on-year increase of 330% at 88,129 contracts

􀂃 WTI crude oil volume rose 43% to 13,311 contracts and gold fell 33% to 50,182

contracts in August

Dubai, September 7, 2009: Currency futures continued to drive volume on Dubai Gold

& Commodities Exchange in August, leading to a 44% year-on-year growth in total

transactions at 151,699 contracts.

DGCX traded contracts worth US$ 8.84 billion in August, one of the busiest months for

the Exchange in 2009. While trade in all four currency pairs was higher compared with

the same period last year, total volume growth was mainly supported by Euro/Dollar

and GBP/Dollar futures, which rose by 195% and 327% respectively.

Total currency futures volume increased 330% in August to 88,189 contracts compared

with the August 2008. In addition to activity in currencies, DGCX also traded 50,182

gold and 13,311 WTI crude oil futures contracts in August, down 33% and up 43%

respectively on 2008.

On August 7, currency futures achieved a record daily high of 7,655 contracts, valued

at US $583.86 million. Total transactions for all products also rose to 13,317 contracts

on August 12 – the highest daily volume achieved in 2009 and the second highest since

the Exchange launched in November 2005.

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