Ahmed Bin Sulayem and Jan Werner Join CV VC Advisory Board zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
But perhaps one of the biggest factor driving stock markets down over the past few days was the trading tug of war between large groups of retail day traders and Wall Street institutions. The move in GameStop (GME) has been well-documented. After a group of Reddit users sparked a buying rally in the stock, hedge funds and other large financial institutions focused on short selling were forced to buy GameStop to balance the gamma as the losses in their GME put options escalated amid the buying frenzy. This drove up the price of GME further.
Many of these large institutions had to finance their GME losses by dumping other stock holdings to build more liquidity in their portfolios. While the short-squeeze move has largely played out and markets seem to be getting back to normal, attention has turned back to more promising vaccine news across both sides of the Atlantic and US President Joe Biden’s $1.9 trillion relief package.
DGCX Starts 2021 Strongly, Trading A Total Value Of USD 12.68bn In January Date
01/02/2021
The Dubai Gold & Commodities Exchange (DGCX) today announced that it traded a total value of USD 12.68 billion in January, as well as registered an average monthly Average Open Interest (AOI) of 155,655 contracts.
During the month, the DGCX’s Silver Futures product continued to perform strongly recording a year-to-date (Y-T-D) volume growth of 556.49% compared to the same period last year. The exchange also registered the highest open interest for its Euro (EUR) FX Rolling Futures Contracts since its launch, with 1,932 contracts as members looked to manage their risk.
DGCX trade value hits $12.68bn in January
DUBAI, February 1, 2021 The Dubai Gold & Commodities Exchange (DGCX) said that it traded a total value of $12.68 billion in January, as well as registered an average monthly Average Open Interest (AOI) of 155,655 contracts. During the month, the DGCX’s Silver Futures product continued to perform strongly recording a year-to-date (Y-T-D) volume growth of 556.49% compared to the same period last year. The exchange also registered the highest open interest for its Euro (EUR) FX Rolling Futures Contracts since its launch, with 1,932 contracts as members looked to manage their risk. Les Male, CEO of DGCX, said: “After a challenging 2020, we are delighted to begin the year with the launch of a new product, the Daily Gold Futures Contract, which further expands our portfolio of precious metal products. This represents just one of many services that we hope to introduce in the coming year, as we aim to provide additional hedging and inve
UAE Business: DGCX trade value hits $12 68bn in January gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.