DGCX celebrates 10th Anniversary on a record-breaking note with its highest-ever trading volume

DGCX celebrates 10th Anniversary on a record-breaking note with its highest-ever trading volume

  • DGCX records over 14.5 million contracts in 2015 – its highest annual volume in 10 years of operation
  • Launched Dubai Spot Gold Contract and Chinese Yuan futures

Dubai, January 10, 2016: The Dubai Gold & Commodities Exchange (DGCX) announced today that it concluded the fiscal year with record-breaking trading volumes of over 14.5 million contracts – an increase of 23% compared with 2014.

The month of December saw the DGCX open for Dubai Spot Gold contracts enabling investors to buy and sell physical 1kg bars on the exchange for the first time. The Spot Gold Contract has successfully completed its inaugural physical delivery cycle through DMCC Tradeflow’s electronic warranting and delivery mechanism.

The exchange also launched its Chinese Yuan futures contracts in December which will further facilitate participation in the movement of the Chinese currency market and enable traders to track CNH price returns whilst being able to settle in USD.

Rounding off a year of high performance and innovation, Gaurang Desai, CEO of DGCX, commented: “With record-high trading volumes and the launch of our Spot Gold Contract in 2015, DGXC is clearly positioned as the Middle East’s leading derivatives bourse and well prepared to grow and develop our commodities trading platform so market participants can trade efficiently and with confidence”.

DGCX introduced a total of seven new contracts in 2015 including three Quanto style futures contracts in the Indian Rupee, India Gold and India Silver; two mini contracts in the hydrocarbons segment on Mini Polypropylene and the 100 barrel Mini WTI; as well as the Chinese Yuan futures and Dubai Spot Gold Contract in December 2015.

About DGCX:Established in 2005, DGCX is the region’s leading derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region. The Exchange has played a pioneering role in developing the regional market for derivatives. 

DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. It is an electronic commodity and currency derivatives exchange with 267 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors.  For more information: www.dgcx.ae