The (DGCX) is one of the latest exchanges to report its trading volumes for the month of September, with the derivatives exchange revealing this Tuesday that it had a record-breaking performance during the month.
In particular, DGCX recorded its best quarterly performance since its inception back in 2005, the statement said, with more than 7.98 million contacts traded in the third quarter of this year (July to September).
Not only did the exchange post solid results on a quarterly basis, but it also reported a solid trading volume for the month of September, with more than 2.37 million contracts traded with a value of $41 billion.
During the month of September, DGCX achieved a monthly Average Open Interest (AOI) of 410,847 contracts. This is the exchange’s highest AOI in two years, since September of 2016.
Furthermore, the commodities exchange noted an average daily volume of 112,988 contracts during the month of September. When measuring this against the same period of the previous year, it is higher by 20 per cent.
DGCX volumes driven by INR products
According to the statement, this uptick in trading volumes was primarily driven by the exchange’s , with the INR Quanto Futures contract yet again being the standout performer.
Specifically, during the third quarter of 2019, more than 3.78 million INR Quanto Futures contracts were traded. In September, INR Mini Futures also achieved a strong performance, registering its highest ever monthly AOI of 122,003 contracts.
“Moving into the last quarter of the year, we will continue to focus on growing our membership base and expanding our footprint, and we are optimistic that we will keep our momentum going, enabling an increasing number of investors to hedge their risks during periods of volatility.”