DGCX’s products are geared towards offshore investors, that is why it sees spikes of trading activity in Indian contracts.
The Dubai Gold and Commodities Exchange (DGCX) has reported its monthly trading volumes for February 2017, once again showing a sustained YoY growth across its futures and Indian rupee contracts.
Following Indian Union Budget proposals and the ongoing state assembly elections, which have stirred Volatility in Indian markets, Average Daily Volumes (ADV) in DGCX’s product suite touched a record 62,844 contracts a day in February.
Building on the standout performance, the DGCX witnessed high volumes in the currency segment, with its flagship Indian rupee contract signifying the growth trajectory. More specifically, ADV on Indian rupee options registered notable year-on-year growth of 92% with just under 50,000 lots trading. The UAE’s bourse also saw the highest monthly Average Open Interest (OI) of 23,275 contracts, signifying increased interest and Liquidity .
On the energy front, Dubai India Crude Oil futures also registered the highest monthly volume of 5,980 contracts in February 2017. This helped energy products on DGCX record a combined volume of 17,139 contracts.
Many of DGCX’s products are geared towards offshore investors, that is why it often sees spikes of trading activity in Indian referenced contracts. The demand is likely based on the usage of these products for hedging purposes when financial markets are experiencing sharp volatility.
Sustained volatility on global woes
The uptick in precious metals prices was a main vehicle of growth at DGCX during February 2017. Additionally, signs of improvement in Asian demand during the Chinese New Year had a positive impact on the precious DGCX gold futures which witnessed robust trading activity with 56 percent growth in the month prior.
Commenting on the exchange’s performance, Gaurang Desai, CEO of DGCX, said: “Volatility is likely to trend higher through the course of the year as markets react to a range of unknowns including the anticipated US Federal Reserve rate hike in March, the upcoming European elections and the impact of US policy changes.”
“In light of these events, we will continue to strongly push forward our agenda of providing market participants with a diverse array of products and solutions which will not only help them to effectively manage their risk, but also protect them from rapid market fluctuations and the prevailing economic uncertainty,” he added.
The Dubai Gold and Commodities Exchange (DGCX) has reported its monthly trading volumes for February 2017, once again showing a sustained YoY growth across its futures and Indian rupee contracts.
Following Indian Union Budget proposals and the ongoing state assembly elections, which have stirred Volatility in Indian markets, Average Daily Volumes (ADV) in DGCX’s product suite touched a record 62,844 contracts a day in February.
Building on the standout performance, the DGCX witnessed high volumes in the currency segment, with its flagship Indian rupee contract signifying the growth trajectory. More specifically, ADV on Indian rupee options registered notable year-on-year growth of 92% with just under 50,000 lots trading. The UAE’s bourse also saw the highest monthly Average Open Interest (OI) of 23,275 contracts, signifying increased interest and Liquidity .
On the energy front, Dubai India Crude Oil futures also registered the highest monthly volume of 5,980 contracts in February 2017. This helped energy products on DGCX record a combined volume of 17,139 contracts.
Many of DGCX’s products are geared towards offshore investors, that is why it often sees spikes of trading activity in Indian referenced contracts. The demand is likely based on the usage of these products for hedging purposes when financial markets are experiencing sharp volatility.
Sustained volatility on global woes
The uptick in precious metals prices was a main vehicle of growth at DGCX during February 2017. Additionally, signs of improvement in Asian demand during the Chinese New Year had a positive impact on the precious DGCX gold futures which witnessed robust trading activity with 56 percent growth in the month prior.
Commenting on the exchange’s performance, Gaurang Desai, CEO of DGCX, said: “Volatility is likely to trend higher through the course of the year as markets react to a range of unknowns including the anticipated US Federal Reserve rate hike in March, the upcoming European elections and the impact of US policy changes.”
“In light of these events, we will continue to strongly push forward our agenda of providing market participants with a diverse array of products and solutions which will not only help them to effectively manage their risk, but also protect them from rapid market fluctuations and the prevailing economic uncertainty,” he added.
Digital Infrastructure Provider Equinix Posts $2.2 Billion Quarter on AI Surge
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24