Overall, skies are expected to be clear to partially cloudy
uae3 hours ago
The GBP/dollar futures accounted for the bulk of transactions, with 3,498 contracts valued at $292.73 million, as investors were looking to hedge themselves against volatility in the contract. The volume for euro/dollar touched 3,932 contracts worth $281.24 million; while Indian Rupee reached 176 contracts worth $7.35 million.
“DGCX is the only exchange in the region to offer currency futures contracts. Furthermore, ongoing volatility in financial markets, tighter spreads and improved volumes are encouraging more participants to trade our currency futures,” said Malcolm Wall Morris, Chief Ezecutive Officer of DGCX.
“The latest record for currency volumes reaffirms that this segment is a viable alternative asset class for local and international participants. Traders are also seeing the benefit of transacting business on an Exchange such as the Dubai Gold & Commodities Exchange to reduce their counterparty credit risk,”
he added.
Overall, skies are expected to be clear to partially cloudy
uae3 hours ago
Israeli defence minister warns the battle was not over even after a massive strike on Beirut that killed Hezbollah chief Hassan Nasrallah
mena3 hours ago
The vehicle must belong to the company; advertising on vehicles owned by individuals is not permitted
life and living4 hours ago
The regulation also protects renters, and specifies the terms under which owners can terminate the lease before expiry of contract
life and living5 hours ago
The service was especially popular with young executives, most of whom live in shared accommodations
uae5 hours ago
Daily commuters have been facing hours-long delays on roads in areas like Business Bay, DIFC and Deira
uae5 hours ago
All the previous IPOs attracted strong interest from both institutional and retail investors and were oversubscribed multiple times
uae5 hours ago
Lighter rainfall is expected to continue in some areas in the next few days
weather5 hours ago