Trading Volumes at DGCX Recorded 3% YoY Growth in February

Tuesday, 10/03/2015 | 15:10 GMT by Victor Golovtchenko
  • The Dubai Gold and Commodities Exchange marked year-on-year growth amid continuing increases in trading of Indian rupee contracts, equities as trading marked 929,152 contracts with total value amounting to $35 billion.
Trading Volumes at DGCX Recorded 3% YoY Growth in February
dgcx

According to an announcement made by the Dubai Gold & Commodities Exchange , the trading volumes the company registered for the second month of 2015 have increased by 3% when compared to last year. This marks 929,152 contracts traded with a total value amounting to $35 billion.

Indian equities trading volumes have grown 22% year-on-year and 10% month-on-month, while the popular Indian rupee options recorded an all-time high in volumes and value with 7,200 contracts changing hands. The total value of the contracts amounted to $1.18M, growing 103% month-on-month.

The Indian Rupee Options contract also marked the highest-ever open interest of 4,597 contracts on 25th February 2015 and recorded the highest-ever volume of 1,212 contracts on 27th February 2015, as emerging markets Volatility started to pick up steam again in recent weeks.

The contract also recorded the highest ever average daily open interest of 2,456 contracts in February 2015, while Sensex Futures trading increased by 20% year-on-year and 10% from the previous month.

The announcement made by the DGCX also highlighted hydrocarbon trading, where prices have grown close to 130% year-on-year. WTI crude oil recorded its highest monthly volume of 3,588 contracts since September 2011, marking an upward month resulting in a 32% month-on-month gain and a whopping 154% markup when compared to a year ago.

dgcx

According to an announcement made by the Dubai Gold & Commodities Exchange , the trading volumes the company registered for the second month of 2015 have increased by 3% when compared to last year. This marks 929,152 contracts traded with a total value amounting to $35 billion.

Indian equities trading volumes have grown 22% year-on-year and 10% month-on-month, while the popular Indian rupee options recorded an all-time high in volumes and value with 7,200 contracts changing hands. The total value of the contracts amounted to $1.18M, growing 103% month-on-month.

The Indian Rupee Options contract also marked the highest-ever open interest of 4,597 contracts on 25th February 2015 and recorded the highest-ever volume of 1,212 contracts on 27th February 2015, as emerging markets Volatility started to pick up steam again in recent weeks.

The contract also recorded the highest ever average daily open interest of 2,456 contracts in February 2015, while Sensex Futures trading increased by 20% year-on-year and 10% from the previous month.

The announcement made by the DGCX also highlighted hydrocarbon trading, where prices have grown close to 130% year-on-year. WTI crude oil recorded its highest monthly volume of 3,588 contracts since September 2011, marking an upward month resulting in a 32% month-on-month gain and a whopping 154% markup when compared to a year ago.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 24 Followers

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