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The Dubai Gold and Commodities Exchange continued to achieve strong activity for its trade during the month of April, with members increasingly seeking to protect themselves against fluctuations and instability in the global economy and in light of continued volatility in exchange rates.
The Dubai Gold and Commodities Exchange witnessed a notable increase in the trading of the portfolio of the six main currency pairs, G6, during the last month, which registered an annual growth of 653.45%.
Among the six major currency pairs, the G6, the Euro and British Pound futures were the most significant, registering 405.56% and 318.48%, respectively, on an annual basis.
Meanwhile, the DGCX gold futures contract continued its strong performance, recording 547.31% growth in trading volume from the beginning of the year to date compared to the same period last year.
Liss Mill, CEO of the Dubai Gold and Commodities Exchange, said that during periods of instability, markets like the Dubai Gold and Commodities Exchange contribute to improving the flexibility of the global and regional economy by allowing investors and companies to protect themselves against price fluctuations.
Mill explained that the total trading volume in the DGCX reached 810,000 million contracts, valued at US $ 20.02 billion during the month of April.
The Stock Exchange also registered during the last month an open interest rate of 246 thousand and 80 contracts, raising the open interest rate for 2020 to 347 thousand and 955 contracts, an increase of 20.42 percent compared to last year.
He added that Dubai Gold and Commodities Exchange continues its activities naturally in terms of clearing and trading, and we are still committed to providing effective solutions in the field of risk management and price discovery.
