- DGCX Gold Futures rise 49% year-on-year to reach 46,295 contracts
- Currency futures volumes increase 149% year-on-year to reach 168,132 contracts
- Year-to-date volumes on the Exchange climb 51% to aggregate 910,913 contracts
April volumes on DGCX recorded a 111% year-on-year increase to reach 227,421 contracts valued at $11.4 billion. Year-to-date volumes on the Exchange climbed by 51% to aggregate 910,913 contracts while year-to-date average daily volumes also rose 51% to touch 10,975 contracts.
DGCX Gold futures continued last month’s robust performance rising 49% year-on-year in April 2011 to reach 46,295 contracts. Silver futures increased 298% year-on-year to touch 9,921 contracts.
Eric Hasham, CEO of DGCX said: “The current volatility in gold and silver prices has spurred increased trading activity in DGCX gold and silver futures. Derivatives such as DGCX Gold futures enable commercial parties to manage their exposure to price change. Furthermore, futures traded on regulated and cleared financial markets like DGCX protect market participant against counterparty risk.”
Currency contracts were the main driver of volume growth on the Exchange increasing 65% to reach 709,454 contracts year-to-date (YTD). Currency volumes also increased 149% year-on-year to reach 168,132 contracts. The Indian Rupee/Dollar witnessed a substantial year-on-year increase reaching 135,720 contracts compared to 10,285 contracts in the same month last year.
Volumes for Euro/Dollar, Sterling/Dollar and Yen/Dollar futures declined from the same month last year to reach 14,019, 10,765 and 1,245 contracts. Australian Dollar, Canadian Dollar and Swiss Franc reached volumes of 3,667, 324 and 2,392 contracts respectively.
WTI crude futures declined 53% from the same month last year to reach 3,073 contracts.