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THE ECONOMY - DUBAI GOLD AND COMMODITIES EXCHANGE, DGCX
 DGCX volume hits all time high on March 1st
Posted on 03/03/2010
The Dubai Gold '&' Commodities Exchange (DGCX) yesterday announced that it recorded its highest ever daily volume on March 1st, trading 19,255 contracts at a record notional value of US$1.27 billion - affirming the sustained demand for its commodity and currency derivatives contracts.
Breaking all earlier records, daily volume on the Exchange exceeded the previous daily high of 14,066 contracts on 11th July 2008. The record trading activity was supported primarily by increased volume in
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 DGCX trade volumes up 300% in January
Posted on 04/02/2010
Total trade volumes in Dubai Gold & Commodities Exchange (DGCX) have jumped sharply by 300 per cent during January this year compared the same month in 2009, according to data released by the exchange.
January's volumes surged to 153,747 contracts thanks to large jumps in trading of currencies and gold futures. Valued at US$9.18 billion, trading in January was led by stronger participation in currency and gold futures, which recorded volumes of 104,614 and 42,289 contracts respectively.
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 DGCX achieves record annual volumes in 2009
Posted on 06/01/2010
The Dubai Gold '&' Commodities Exchange (DGCX) reaffirmed the important role of derivatives in 2009 of managing risk during uncertain market conditions as the Exchange recorded 1.5 million contracts valued at US $79 billion at the end of 2009. Surpassing the 2008 total volume of 1.142 million contracts, DGCX recorded an increase of 31.6% in 2009; the highest annual volume to be achieved since inception.
Currencies and crude oil were the key drivers for the rise in annual volume. While
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 DGCX achieves record 1.143 million contracts
Posted on 05/11/2009
Dubai Gold '&' Commodities Exchange yesterday announced that 1,142,814 contracts, valued at US$ 58 billion, have been traded in 2009 as at October 2nd. This is a record volume for the exchange and surpasses the total volume of 1,142,293 contracts transacted in 2008.
The Exchange also recorded a total volume of 137,994 contracts in October, representing a year-on-year increase of 159%. Valued at US $7.2 billion, trading activity in October was supported by growth in all product segments;
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 Four-fold Increase in Dubai Gold Securities' 6-month volume
Posted on 29/09/2009
Total inflows into gold ETFs rose by 46 tonnes and 459 tonnes in the second and first quarters respectively The MENA region's first Shariah compliant gold exchange traded commodity (ETC), Dubai Gold Securities, recorded an aggregate six-month volume of 27,691 shares, reflecting a fourfold increase since the end of March this year.
At a time when global interest in gold ETF/ETCs is soaring to new highs, Dubai Gold Securities an initiative of the World Gold Council and the Dubai Multi
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 Gold leading DGCX futures
Posted on 16/09/2009
Gold is leading the volumes at Dubai Gold and Commodity Exchange (DGCX) by leaps and bounds, the trade statistics of the exchange show. The volume of bullion contracts alone account for more than that of half a dozen futures traded at the exchange.
Though the bullion has always been the favourite at the Dubai-based exchange the uptrend assumed a different note as gold reported its year highs and the highest ever close in the past week. Gold touched an annual high of US$1,008 an ounce on
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 DGCX and Structured Solutions announce partnership to launch commodity indices
Posted on 10/09/2009
Dubai Gold '&' Commodities Exchange (DGCX) today announced its partnership with German firm Structured Solutions AG, an integrated service provider in the derivatives sector, to launch a series of benchmark indices that track commodity underlyings.
As per the agreement signed this week, Structured Solutions will create new commodity indices based on DGCX commodity prices primarily targeted at the global investment banking and fund industry. The exchange is the first in the region to customize
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 DGCX posts 44% growth in currency futures
Posted on 08/09/2009
Currency futures continued to drive volume on Dubai Gold and Commodities Exchange (DGCX) in August, leading to a 44 per cent year-on-year growth with transactions at 151,699 contracts, a statement said.
DGCX traded contracts worth $8.84 billion in August, one of the busiest months for the exchange this year. While trade in all four currency pairs was higher compared with the same period last year, volume growth was mainly supported by euro/dollar and pound/dollar futures, which rose by 195
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 DGCX volumes increase in August
Posted on 02/09/2009
Volumes at the Dubai Gold and Commodities Exchange (DGCX) have shown a marked resilience in August. While the average daily traded volumes have shown an increase in the range of 1500 to 2000 lots, including all products compared to July, the numbers have more than doubled over the same period last year.
Analysts said August is traditionally the weakest month for commodity exchanges across the world.
The average daily volume at DGCX in the last week of August stood at 7004, reaching a high
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 DGCX currency futures hit record high
Posted on 11/08/2009
Reaffirming interest in the currency futures, Dubai Gold & Commodities Exchange (DGCX) recorded the highest daily volume ever on August 7 for all currency futures at 7,655 contracts, valued at US$583.86 million.
Currencies accounted for a significant part of total volume. The GBP/Dollar future witnessed the highest volume this year as market participants looked to hedge themselves against volatility in the contract. GBP/Dollar futures recorded 3,498 contracts, valued at US$292.73 million on
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 DGCX delays launch of plastics futures
Posted on 10/06/2009
The Dubai Gold and Commodities Exchange (DGCX) will wait until it receives encouraging feedback from the region's plastics industry to launch its long awaited plastics futures contracts, the exchange's CEO said.
"Plastics are a niche segment and the overall surge in commodity volumes may not correspond to participants' interest in plastics. The launch of the DGCX plastic futures contracts will be based on industry readiness and positive feedback," Malcolm Wall Morris said in an e-mailed
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 DGCX sets new monthly volume record for 2009
Posted on 03/06/2009
Total volume on Dubai Gold '&' Commodities Exchange (DGCX) reached a record 158,074 contracts in May - the highest monthly volume achieved in 2009.
With an underlying value of US$7.5bn, May volumes reflect a year-on-year increase of 77%. The volume exceeded the previous high of 101,215 contracts achieved in March and was mainly driven by renewed interest in DGCX Gold, WTI and Indian Rupee/Dollar futures contracts. The year-on-year growth in Average Daily Volume was 85%.
Gold futures volume
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 DGCX total volume crosses 3m mark
Posted on 20/05/2009
Total volume on Dubai Gold & Commodities Exchange, or DGCX, since inception crossed three million contracts in May — a significant milestone in the growth of
the exchange. Valued at US$128 billion, the exchange achieved a total volume of 3,076,000 lots, traded over 885 days on Monday. Year-to-date volume on the exchange has reached 410,000 contracts.
With volumes surpassing 3 million, the exchange has entered a new phase of development, said Malcolm Wall Morris, Chief Executive,
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 DGCX volumes rise 14% in April
Posted on 06/05/2009
Dubai Gold '&' Commodities Exchange (DGCX) continued to record a steady growth in year-on-year volumes in April with a 14% increase compared with the same month last year.
The Exchange traded 98,322 contracts, valued at $4.4bn during April. The growth was driven by higher volumes in Indian Rupee-Dollar futures, as well as gold and WTI crude oil volumes.
The total average daily volume for DGCX was 4,682 contracts in April, a 19% increase on April last year.
'The well balanced and
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 DGCX posts record March volume
Posted on 06/04/2009
Total volume on Dubai Gold '&' Commodities Exchange (DGCX) grew 39% in March reaching 101,215 contracts. The volume growth was driven by increased volume in currency futures, especially in Euro-Dollar and Sterling-Dollar, which grew by 37% and 136% respectively. DGCX Indian Rupee-Dollar, Gold and WTI futures also recorded higher activity during March compared with the previous month.
The first quarter of 2009 has demonstrated a positive start to the year for DGCX, following lower volumes in
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