The (DGCX) announced today that it experienced its highest average open interest (AOI) in July, surpassing 300,000 contracts. This builds upon a for trading value and volumes.
In July, the exchange saw solid trading results, with an AOI of 323,477 contracts. This impressive result brings the total volume for 2018 to an all-time high of 304,398 contracts which is an increase of 29% from 2017.
Due to a rising demand for China-centric products, the best performing asset classes for July were the and Chinese Yuan Futures. The volume for Shanghai Gold Futures jumped by 71% when compared to the same period last year. Chinese Yuan Futures were also up by 64% year-on-year.
On the exchange, the Dubai India Gold was also a top performer in July. When compared to July 2017, contracts almost doubled as they increased by 99%. For overall volumes, July saw 1,894,155 contracts with a value of $38.49 billion. This is a jump of 36% year-on-year.
DGCX records strong G6 Futures volumes
According to the statement, the Indian Rupee (INR) and the G6 Currency Futures (AUD, CAD, CHF, EUR and GBP against the USD) also performed well in July. Compared to July last year, INR volumes increased by 34% and G6 Futures volumes jumped by 80% year-to-date.
Source: LinkedIn
Commenting on the volumes, Les Male the CEO of DGCX, said: “following an outstanding H1 performance, we had a number of significant achievements in July, ranging from our exceptional Open Interest performance to expanding our collateral basket in partnership with Standard Chartered Bank.
“Open Interest is a true measure of an Exchange’s success, and our records this month are a reflection of the robustness of our trading platform. We are delighted to have entered the second half of the year so positively, and our focus over the next few months will be to introduce more innovative products and expand our member base both locally and internationally.”
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