The (DGCX) announced on Wednesday 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 percent from 2017.
Due to 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 percent when compared to the same period last year. Chinese Yuan Futures were also up by 64 percent 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 percent. For overall volumes, July saw 1,894,155 contracts with a value of $38.49 billion. This is a jump of 36 percent 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 percent and G6 Futures volumes jumped by 80 percent year-to-date.
Source: LinkedIn
“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.”
DGCX Continues to See Record-Breaking Volumes in July
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