November’s trading figures show year-to-date (YTD) growth, while average daily volumes also witnessed a significant increase on a YTD basis despite the continuing economic challenges. By the end of the month the total value of contracts traded was recorded at USD 148,243 million.
143,934 Contracts Average Open Interest
104% Y-T-D Growth Gold Futures Contract
27,840 contracts worth 1,251 million - G6 Currencies
Spotlight
DGCX’s G6 currencies portfolio recorded strong growth throughout November with a significant increase in the volume of Japanese Yen, Canadian Dollar, Australian Dollar and Swiss Francs contracts traded. The Pakistani Rupee Futures Contract, registered its third-highest ADV since its launch – a 2.70% increase from October at 313 trades. Concurrently it was also a strong month of trading for the DGCX Indian Rupee Suite, where the total number of trades recorded were 215,623.
SAM Precious Metals (SPM) gold and silver bars can be traded now on the DGCX exchange and clearinghouse. Headquartered in Dubai, SPM is one of the top gold and silver refineries in the UAE that has been a trade member of DGCX since May 2021. Trading numbers in gold volume YTD is up 104% on 2021. DGCX recently launched new Physical Gold Futures and Spot Gold Contracts that provide traders and financial institutions the ability to use physical gold as collateral to access affordable sources of short-term lending.
DGCX News
As part of Dubai Multi Commodities Centre (DMCC), DGCX was proud to be a Channel Sponsor of the Dubai Precious Metals Conference (DPMC) on 21st and 22nd November, the pre-eminent annual gathering for the precious metals industry. Tymoor Khan, Head of Global Sales at the DGCX hosted the event and DGCX’s Head of Products, Sudhan Sundaram joined as a panelist where he shared valuable insights on the role of technology in the financialization process and digitization of assets, and how this impacts the precious metals trade.
