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  Take the advantage of its New Scheme   DGCX seeks to encourage as wide a community of market participants as possible to trade those products currently listed by DGCX. In order to facilitate this growth still further, and in response to customer feedback, DGCX has introduced a New Market Participant Incentive Scheme.  Read more about the New Market Participant Incentive Scheme by downloading the flyer below The Dubai Gold & Commodities Exchange (DGCX) is the region’s leading derivatives exchange and has played a pioneering role in developing the regional market for derivatives trading, clearing and settlement.   The DGCX owns and operates the region’s largest and only multi-asset Clearing House – Dubai Commodities Clearing Corporation (DCCC). DGCX & DCCC are regulated by the Securities & Commodities Authority (SCA).  DCCC is recognised as a licensed Central Clearing-Counterparty (CCP) by SCA and a Third-Country CCP by European Securities Markets ...

Investors Flock to Safe-Haven Assets M-O-M average volume growth of 507.4%, Year-on-year ADV growth of 225.5% The Dubai Gold & Commodities Exchange (DGCX) saw a surge in trading on its flagship Gold Futures product last month, as increasing geopolitical tensions across the globe drove investors towards safe-haven assets. The product recorded month-on-month (M-O-M) average daily volume growth (ADV) of 507.4%, and year-on-year ADV growth of 225.5%, while also registering M-O-M Average Open Interest (AOI) growth of 90.7%. Les Male, CEO of DGCX, commented: “Gold reasserted its position in June as the safe-haven asset of choice, as investors worldwide flocked to the precious metal on the back of fresh speculation around lower Federal Reserve rates, a weak US dollar, and heightened geopolitical tensions between the US and Iran. This was strongly reflected on the DGCX, with our Gold Futures contract registering its best month since November 2016.” The DGCX traded ov...

Highest contracts in May since November 2016 The Dubai Gold & Commodities Exchange (DGCX) saw a spike in Indian Rupee (INR) trading last month as the India election came to a close, leading the Exchange to record a monthly Average Open Interest (AOI) of 406,203 contracts in May, its highest AOI since November 2016. Ongoing political tensions across Europe on the back of continued Brexit talks also saw Euro Futures record its highest monthly Average Open Interest (AOI) with 3,886 contracts. For the month of May, a total of 1,827,176 contracts were traded, valued at USD 35 billion. All three INR contracts performed well last month. INR Quanto Futures, the index pricing of the Indian Rupee US dollar currency pair, recorded its best month ever in May, and has now traded over 2 million lots year-to-date, up 28% year-on-year. Rupee Mini Futures recorded the third highest AOI with 117,390 contracts in May. Les Male, CEO of DGCX, commented: “The Open Interest levels we...

Indian Rupee Quanto Future Up by 42.14% YoY DGCX Records Best April since Inception! The Dubai Gold & Commodities Exchange (DGCX) achieved its best April performance since inception, with overall volumes reaching 1,696,877 contracts, valued at USD 32.29 billion. Last month’s record-breaking performance was largely driven by an uptick in Indian Rupee (INR) trading fuelled by India’s upcoming elections, as well as ongoing geopolitical tensions across Europe, the United States, and Asia, which have helped maintain elevated volumes in other contracts across the Exchange. Additionally, the Indian Rupee Quanto Future, the index pricing of the Indian Rupee US Dollar currency pair, performed well, trading 1,621,202 contracts year-to-date (Y-T-D), up 42.14% year-on-year (Y-O-Y). Among the G6 Currency pairs, the Euro was the most prominent, recording its highest monthly Average Open Interest (AOI) of 3,574 contracts. Les Male, CEO of DGCX, commented: “After a str...

New products will go live on Friday 22nd March 2019 The Dubai Gold & Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC) announced an expansion to their existing portfolio of metals products with the launch of new base metal products. The two new products will go live on Friday 22nd March 2019. The new products will provide investors with an opportunity to mitigate the risks involved in the base metal markets and appeal to global participants by enabling them to hedge prices efficiently. The size of each Futures contract will be 5 metric tons (MT), denominated and traded in US dollars. Les Male, CEO of DGCX, commented: “We are excited to introduce new products to meet the ever-growing needs of our member community. The imminent launch of these two products is a response to growing demands and investor feedback and will play an important role in the DGCX Group’s growth strategy moving forward. We are confident that they will further s...

To be held on 8 at, Armani, Burj Khalifa DGCX-IBMC UAE Africa Gold Convention 2019, is a high level International event attended by Diplomats, Ministers, top Industry Leaders from  gold mines, refineries, jewelers, traders, import export companies from UAE and Africa is to be held on January 08, 2019 at, Armani, Burj Khalifa, Dubai, organised by DGCX & IBMC.   The primary objective of the event is to showcase the entire gamut of Gold trade and business activities in UAE and explore potential opportunities available to Gold businesses based in the continent of Africa and UAE. With greater focus on diversification of the business in the country and the region, the gold industry will have a greater role to play in the non-oil business in the UAE. This initiative will provide even greater support to African Gold mines, exporters and traders to explore UAE business and trade opportunities. With expected industry-wide participation, the conference is expected...

The best performing asset classes in 2018 were the Indian Rupee INR volumes increased by 25% YoY The Dubai Gold & Commodities Exchange (DGCX) announced that it has rounded off a highly successful 2018 by breaking its annual volumes record, trading 22.26 million contracts, up 28% from the previous year. The total value of the contracts was USD 474.94 billion, beating its previous highest value of USD 448 billion traded in 2013. Average Daily Volumes (ADV) also finished the year at an all-time high, reaching 86,615 lots.   The Exchange achieved a strong start to 2018, recording 5,541,732 lots traded in Q1, valued at USD 129 billion. Building on this momentum, in May, reported its best month since inception, recording its highest monthly volume with 2,163,598 contracts traded, valued at USD 46.1 billion. With the Exchanges best quarter coming in Q3 with 5,863,276 lots traded. In March, the Exchange launched the GCC’s first and the world’s only exchange-tr...

Collaborate for innovative FX products on the DGCX The Dubai Gold and Commodities Exchange (DGCX) and FXCM Group, LLC (FXCM Group or FXCM), a leading international provider of online foreign exchange trading, CFD trading, bitcoin and related services, announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate on launching new and innovative FX products on the DGCX.   Les Male, Chief Executive Officer of DGCX, stated: “It is our aim to ensure that we continue to offer our members and market participants truly innovative contracts, backed by our state of the art technology and Clearing House. These contracts must appeal to not only our international participants but also to local banks and trading houses too. This MOU with FXCM is the first step in developing ever more pioneering contracts contributing to the DGCX’s global offerings allowing us to cross-pollinate each other’s diverse client base.” Siju Daniel, Chief Commercial Officer of...

DGCX and IBMC announces Africa Gold Convention on 8 January Dubai Gold and Commodities Exchange (DGCX) and IBMC Financial Professionals Group (IBMC) announce that they will jointly hold the first UAE Africa Gold Convention on 8 January 2019. The one-day event will bring together a wide range of industry participants at the Dubai, including importers and exporters, refiners, miners, vault operators, exchanges and regulators, with the aim of connecting the business communities between the United Arab Emirates and Africa. His Excellency Sheikh Khalid Bin Ahmed Al Hamed, Chairman of IBMC, UAE; Les Male, CEO, DGCX; and Sajith Kumar P K, CEO & Managing Director, IBMC Global Network, officially announced the event at a signing ceremony in Al Bateen Palace Majilis, Abu Dhabi. It was revealed that the convention will cover all major gold-related activities including imports, transportation, refining, storage, retail, and trading. Post-event activities will also take place t...

Wins awards at the prestigious Global Investor MENA Awards 2018 The Dubai Gold and Commodities Exchange (DGCX) have been named, for the second consecutive year, ‘Exchange of the Year’ at the prestigious Global Investor MENA Awards 2018. The award recognised DGCX’s exceptional performance over the last 12 months, which saw it record new all-time trading highs, launch innovative products, services and initiatives, as well as implementing cutting-edge technology to better serve the needs of its clients.   DGCX beat stiff competition from the region’s leading exchanges to win the award. In the qualifying period, the Exchange traded over 19.3 million contracts, setting a new overall volume record, with a notional value exceeding USD 441 billion. Les Male, CEO of DGCX, commented: “It is an honour to receive this award and have our hard work over the last 12 months recognised by our industry peers. 2018 has been a significant year for DGCX in terms of growth, evolution...

DGCX hits 17,255,556 contracts at the end of September Total volumes on the Dubai Gold & Commodities Exchange (DGCX) this year hit 17,255,556 contracts at the end of September, with yearly Average Daily Volumes (ADV) at their highest ever, reaching 89,873 contracts per day. The best performing asset class in September was the Indian Rupee (INR) product suite, which saw Rupee Mini Futures record its 2nd highest monthly Average Open Interest (AOI) of 110,020 contracts, and the Indian Rupee Quanto, which has traded 3,160,471 contracts year-to-date (Y-T-D), up 51% from 2017. Trading in September was also underpinned by the Indian Single Stock Futures (SSF) and Shanghai Gold Futures (DSGC), which registered Y-T-D volume growth of 195% and 101% respectively. Les Male, CEO of DGCX, commented: “The rising popularity of INR trading this month follows the continued depreciation of the rupee, which has seen investors turn to more regulated markets to hedge their exposure...