Australia began their title defence with a six-wicket win over Sri Lanka before England saw off Bangladesh by 21 runs
cricket7 hours ago
The sustained growth in currency futures led trading activity in April with 67,542 contracts recorded, a year-on-year increase of 168 per cent, reflecting the increased interest in forex trading in the region.
April 2010 volume in euro-dollar futures rose by 71 per cent to 23,656 contracts, while sterling-dollar futures were 229 per cent higher at 23,285 contracts. Indian rupee-dollar and yen-dollar futures recorded increases of 170 per cent and 2,031 per cent, with 10,285 and 10,316 contracts traded respectively.
Volume for Gold and WTI crude oil futures, at 31,037 contracts and 6,570 contracts respectively, declined compared with the same period last year.
“We are seeing increased interest in currency futures. In response to the increased demand and feedback from members, the exchange has decided to widen its forex offering, which will enable participants to gain exposure to the world’s most traded currencies,” Eric Hasham, Chief Executive Officer, DGCX, said.
The exchange, which was established in 2005, achieved an impressive volume growth of 94 per cent during the January-April period and achieved a year-to-date volume of 602,700 contracts. Valued at $35.7 billion, the year-to-date volume was largely driven by currency and gold futures.
While year-to-date gold futures volume rose 51 per cent, currencies saw considerable across-the-board growth, with euro-dollar and sterling-dollar futures up 46 per cent and 393 per cent, respectively. The increases in Indian rupee-dollar and yen-dollar futures were 276 per cent and 1,789 per cent. Overall, DGCX currency futures have recorded year-to-date volume of 429,302 contracts, an increase of 133 per cent on last year.
New product launching
The exchange is expanding its range of currency products, launching Australian dollar-US dollar, Canadian dollar-US dollar and Swiss franc-US dollar on June 15, 2010.
DGCX will be attending and speaking at the 6th Middle East Forex Expo in Beirut, Lebanon on May 20-21, 2010. — muzaffarrizvi@khaleejtimes.com
Australia began their title defence with a six-wicket win over Sri Lanka before England saw off Bangladesh by 21 runs
cricket7 hours ago
The French President said that France would hold an international conference in support of Lebanon this month
europe9 hours ago
The delegations condemned the intensified fighting in Khartoum, El Fasher, and Geneina
mena10 hours ago
Did you know? October 5 is the anniversary of the first airplane landing in Sharjah in 1932
aviation10 hours ago
The country's exchange of the CEPA with Serbia marks its first agreement with a country outside the World Trade Organisation
uae11 hours ago
A large crowd gathered to gain access before the event, and many were chanting the 'fight, fight, fight' slogan
americas12 hours ago
The match can be viewed in the stadium as well as around the globe, via a broadcast of the tournament
sports13 hours ago
Given recent incidents, travel agents are advising passengers heading to the UAE to carry a physical copy of their Emirates ID
aviation13 hours ago