DGCX Registers Strong Interest in G6 Currencies and Silver Futures in October


The Dubai Gold and Commodities Exchange (DGCX) continued its strong growth trajectory during the month of October, with its G6 currencies portfolio a standout performer during the month. The portfolio recorded an impressive year-to-date (Y-T-D) volume growth of 378%, compared to the same period last year. Among the G6 currency pairs, the Euro and British Pound Futures Contracts registered the strongest performances, recording an impressive year-on-year (Y-O-Y) ADV growth of 67%, and 392% respectively.

Market Participants also turned to alternative safe-haven assets last month, with the DGCX registering a spike in trading in its Silver Futures product, recording a Y-T-D volume growth of 99%, compared to the same period last year.

The Exchange also registered the highest volume, value and open interest (OI) in its Pound Sterling (GBP) FX Rolling Futures Product, which has now traded a combined total of 2142 lots valued at USD 28 million, since its launch in July - once again highlighting market participants’ appetite to leverage arbitrage opportunities. Notably the Weekly Indian Rupee (INR) Futures Contract registered the second highest trading value since the start of 2020 – recording an Average Daily Volume (ADV) of 495.

Les Male, CEO of DGCX, said: “During the month of October, we recorded strong interest in our currency and precious metal products, that not only reiterated the strength of our offerings, but our ability to enhance market participants’ liquidity and hedge risk. As the DGCX approaches its 15th year anniversary milestone this month, we are well placed to continue our strong growth trajectory, as well as provide our member base with effective products that help meet their hedging and trading needs. Our priority continues to be providing our members with a wide range of innovative products that help to manage their risk effectively - at a time when they need them the most.”

About DGCX:

The Dubai Gold & Commodities Exchange (DGCX) is the region’s leading derivatives exchange and has played a pioneering role in developing the regional market for derivatives trading, clearing and settlement. 

The DGCX owns and operates the region’s largest and only multi-asset Clearing House – Dubai Commodities Clearing Corporation (DCCC). DGCX & DCCC are regulated by the Securities & Commodities Authority (SCA). It is recognised as a licensed Central Clearing-Counterparty (CCP) by SCA and a Third-Country CCP by European Securities Markets Authority (ESMA).

The DGCX’s strategic geographic location in Dubai between the Far East, Europe and Africa serves as a unique, global window for traders and investors. With over 100 members across the world, the DGCX drives liquidity in the market by offering a broad range of futures and options contracts covering base and precious metals – including the world’s only Shari’ah Compliant Spot Gold Contract – hydrocarbons, equities and currencies.

For further information please contact:

Daniel Chinoy

Weber Shandwick PR

Tel: +971 50 255 3402

Email: DChinoy@webershandwick.com