DGCX records robust trading activity in July

Dubai, Aug 15, 2013 (WAM) - Dubai Gold and Commodities Exchange (DGCX) recorded a robust month of trading activity with total trade value of US$44.68 in July volumes registering a significant growth of 55% over the same period last year DGCX's currency segment continued to contribute a significant share of volumes, recording a year-on-year (YOY) growth of 61% with 1,450,041 contracts traded. Currency volumes were primarily driven by Indian Rupee (INR) futures, with the contract recording its highest ever monthly volume - trading 1,252,965 contracts in July, a 40% growth over the same period last year. Trading in other currency pairs such as in Euro and Yen were also increased substantially. Total year to date (YTD) volumes rose by 91% with the Exchange having traded a total of 9,209,767 contracts in 2013. Volumes in INR futures have grown 84% from last year. Both Euro and Yen futures have also registered strong year-to-date performances, surging 266% and 78%. DGCX's precious metals segment also performed well in July, with volumes in Gold futures rising 16% from June to 34,414 contracts. Silver futures also grew 150% from the previous month. Another notable performance in July was that of DGCX WTI Crude Oil futures, which saw an 86% month-on-month and a 51% year-on-year rise in July. – Emirates News Agency, WAM