DGCX Reported Robust Growth Across Portfolios

Meantime, the British Pound and Euro Futures recorded year-on-year growth in ADV by 267% and 263% respectively.

SEATTLE (Scrap Monster): The Dubai Gold and Commodities Exchange (DGCX) reported robust growth across its various portfolios. The exchange continued to maintain its momentum into the second half of the year.

According to DGCX press release, its G6 currencies portfolio recorded a growth of 357% over the previous year. The Yen Futures recorded 767% jump in Average Daily Volume (ADV). Meantime, the British Pound and Euro Futures recorded year-on-year growth in ADV by 267% and 263% respectively.

ALSO READ: DGCX Announces New Partnership with American University of Sharjah

DGCX continued to provide investors with wide range of derivative products, helping the customers to manage their risks more effectively. It completed launch of innovative products, including the region’s first ever Rolling Futures Contracts. Furthermore, it announced expansion to Indian Rupee/US Dollar contracts portfolio with the addition of a new weekly INR-US Dollar Futures Contract. All the above contracts witnessed good traction in the market.

Les Male, CEO, DGCX noted that the consistent growth in trading volumes and product offerings reflects the exchange’s ongoing success and expanding investor base. It plans to launch more unique products before the end of the current year, providing additional opportunities for investors and businesses.

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