DGCX maintains momentum as PKR futures continue to grow in trading

dgcx futures trading momentum pkr
UAE

DGCX maintains momentum as PKR futures continue to grow in trading

: During the month of June, the Dubai Gold and Commodities Exchange (DGCX) registered a monthly Average Open Interest (AOI) of 226,406 contracts. Consolidating its status as the leading derivatives exchange in the region, the DGCX Group's Silver Futures Contract once again performed strongly during June, recording a year-to-date (Y-T-D) volume growth of 115%, compared to the same period last year. The DGCX Group's newly launched Pakistani Rupee (PKR) Futures Contract also continued its growth momentum during the month, registering a combined total of 854 lots valued at USD 10.95 million. During the month, DGCX signed a MoU with the Financial Markets Regulatory Authority (FMA) in Sudan, aimed at strengthening bilateral cooperation in the trading of gold between the UAE and Sudan. The agreed MoU will see the DGCX and FMA collaborate on areas of mutual benefit, foster collaboration, and exchange knowledge around gold trading. Additionally, the Dubai Commodities Clearing Corporation (DCCC), a leading Central Counter Party (CCP) and wholly owned subsidiary of the DGCX, was recently authorized as a 'Recognized Clearing House' (RCH) by the Monetary Authority of Singapore (MAS), the country's Central Bank and financial regulatory authority. As a result, the DCCC will offer clearing services to banks

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