Today we learned that first quarter volumes on the Dubai Gold & Commodities Exchange (DGCX) grew 37% from the same period last year, trading more than 4.5 million contracts – the highest quarterly volumes in the history of the Exchange. DGCX also broke several records during Q1-2016. Average Daily Volumes (ADV) in the first quarter…
Read moreJanuary numbers reflect the increasing use of derivatives to hedge forex volatility particularly in emerging market currencies such as the Indian Rupee and South African Rand. Market participants appreciated the cost effective investment mechanism provided by Indian Rupee Options. Rupee Options volumes grew by 352% in January 2016 vs. January 2015. The Dubai Gold & Commodities…
Read moreDubai Gold & Commodities Exchange (DGCX) has just reported its operating metrics for November 2015, with trading volumes staging a steep rise year on year, fuelled by continued demand for hydrocarbons and Indian Rupee-based products. Overall trading volumes for November 2015 staged a 41% increase from November 2014, offering the Exchange a good piece of…
Read moreThe Dubai Gold & Commodities Exchange (DGCX) on Monday unveiled its plans to add a new type of contracts to its offering. The Exchange said it would introduce physically settled DGCX Spot Gold Contract for trading on the DGCX platform effective from Monday, December 14, 2015. The contract size for the new instruments (with contract…
Read moreDubai Gold & Commodities Exchange (DGCX) on Tuesday announced that it is accepting applications for Designated Market Maker Status in a set of contracts, including 18 currency futures contracts. The DMM Scheme will run for a period of 12 months, starting from April 1, 2016 to the close of business on the March 31, 2017.…
Read moreDubai Gold & Commodities Exchange (DGCX) has informed its participants of pending changes to initial margin requirements for a raft of futures contracts, including popular Forex futures contracts and energy contracts. The changes will be effective from November 9, 2015. The size of required margin will be reduced for INR/EUR, JPY/USD, USD/RUB, as well as…
Read moreSolid trading in Gold and Indian Rupee products was at the basis of strong performance metrics reported for Q3 2015.
Read moreThe Dubai Commodities Clearing Corporation issued a revision to initial margins for various classes of contracts today...
Read moreThe Dubai Gold & Commodities Exchange (DGCX) recorded a robust start to the year, with a total of 1,176,111 contracts traded in January, an increase of 22% over December 2014. The metals segment was the main driver of volume growth, growing 24% month-on-month with 55,661 contracts traded. DGCX’s flagship product, Gold Futures led the growth,…
Read moreThis is the first MoU that CFFEX has signed with a derivatives exchange in the Middle East...
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