Pak rupee futures post record volume growth in May muzaffarrizvi@khaleejtimes.com Filed on June 2, 2021
The Silver Futures Contract recorded a year-to-date (YTD) volume growth of 139 per cent compared to the same period last year
The Dubai Gold and Commodities Exchange (DGCX) on Wednesday announced that it registered a monthly average open interest (AOI) of 208,343 contracts worth a total value of $12,853 million in May.
The Silver Futures Contract recorded a year-to-date (YTD) volume growth of 139 per cent compared to the same period last year.
INR, PKR Futures
The region’s leading derivatives exchange also noticed that the newly launched Pakistani rupee (PKR) futures contract grow with a total of 2,028 lots valued at $26.38 million traded since its launch in April. Elsewhere, the DGCX’s Indian rupee mini futures contract recorded a year-on-year (YOY) average daily volume (ADV) growth of 45 per cent during the month.
DGCX Sees INR Quanto And Silver Future Contracts Surge During April Date
04/05/2021
During the month of April, the Dubai Gold and Commodities Exchange (DGCX) registered a monthly Average Open Interest (AOI) of 179,554 contracts.
The DGCX’s Indian Rupee Quanto Futures Contract recorded a year-on-year (Y-O-Y) Average Daily Volume (ADV) growth of 562% during the month, as market participants looked to hedge their risk amid market volatility. Additionally, the DGCX’s new Pakistani Rupee (PKR) Futures Contract – which just launched in the middle of the month, the first of its kind to be traded on a regulated exchange – traded a combined total of 180 lots valued at USD 2.35 million.
DGCX partners with GIFS to promote Shari’ah contracts
DUBAI, April 29, 2021 The Dubai Gold and Commodities Exchange (DGCX), a leading derivatives exchange, has signed a strategic agreement with Global Islamic Financial Services (GIFS) to partner on the development of Islamic derivatives and commodities. The memorandum of understanding (MoU) also aims to promote the DGCX’s Shari’ah gold contract, which adheres to Shari’ah principles for the ownership of gold. Under the MoU, both organizations will collaborate on areas of mutual benefit, including the development of Islamic future contracts and products, and the sales and promotion of Islamic financial products.
DGCX Continues To Register Strong Interest In Silver And Gold Futures Contracts Date
01/04/2021
The Dubai Gold and Commodities Exchange (DGCX) today announced that during the month of March, it registered a monthly Average Open Interest (AOI) of 191,974 contracts.
Once again, the DGCX Group’s best performing product segment was precious metals, with its Silver Futures Contract recording a year-to-date (Y-T-D) volume growth of 209% compared to the same period last year. Additionally, the DGCX’s flagship Shari’ah Compliant Spot Gold Contract recorded a year-on-year (Y-O-Y) Average Daily Volume (ADV) growth of 151% during March.
Les Male, CEO of DGCX, said:
“During the first quarter of 2021, we recorded sustained interest in our Silver Futures Contract, largely driven by market participants’ desire to safeguard their risk and turn to reputed safe havens such as Silver and Gold. Another prevailing trend was a rising interest for products
DGCX continues to register strong interest in silver, gold futures contracts 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.