Trading volume grew up 28% YoY at DGCX
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...