DGCX Gold Futures Trading Volumes Increase
- Date: 01-Apr-2020
- Source: Dubai Chronicle
- Sector:Financial Markets
- Country:GCC
DGCX Gold Futures Trading Volumes Increase
The DGCX last month saw its flagship Gold Futures product record year-on-year (Y-O-Y) Average Daily Volume (ADV) growth of 649.5%, and year-to-date (Y-T-D) volume growth of 742.8% compared to the same period last year.. The DGCX's G6 currency portfolio also saw trading spike in March, registering Y-O-Y volume growth of 390.8%, and Y-T-D volume growth of 475.4% compared to the same period in 2019.. Commenting on the impact COVID-19 is having on the DGCX and global markets, Les Male, CEO of DGCX, said: "These are truly extraordinary times.. The spread of COVID-19 has caused tremors of uncertainty across global markets, in which stocks have plunged into bear market territory in record time.. "Markets play a critical role in the global and regional economy so it is important that they remain open and transparent to give investors confidence..