DGCX G6 Currency Futures register surge in trading activity in September

DGCX G6 Currency Futures register surge in trading activity in September

DUBAI - During September, the Dubai Gold and Commodities Exchange (DGCX) once again registered a high monthly Average Open Interest (AOI), amounting to 154,629 contracts. Open interest is an indicator of the total number of futures contracts held by market participants at the end of the trading day – and the significant increase over the last few months reflects a growing appetite from market participants. Following trends from the preceding month, the DGCX Group saw renewed interest in its Hydrocarbons asset class during September - with its West Texas Intermediary (WTI) Futures Contract registering a year-on-year (Y-O-Y) Average Daily Volume (ADV) growth of 37 percent, compared to the same period last year. The DGCX’s currency portfolio also recorded a spike in trading activity during the month, reflecting increased investor interest in currencies as an alternative asset class. DGCX’s G6 Currencies Portfolio traded a combined total of 1,434 lots valued at USD 80 million. Additionally, the newly launched Pakistani Rupee (PKR) Futures Contract continued to grow in demand, registering a combined value of USD 108 million. Elsewhere, the exchange’s precious metals’ portfolio also continued to attract interest from market participants with the Shari’ah Compliant Spot Gold Contract the standout performer, trading