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DGCX Volume Grew 90 Per Cent in February
DUBAI — The Dubai Gold & Commodities Exchange?s trade volume jumped 90 per cent in February compared to the previous month.
The fully automated and online commodities exchange maintained its upward trend in volume despite the worsening economy. Currency futures emerged as the key driver of volume for the month, taking total traded volumes to 72,904 contracts in February 2009 compared with 38,366 contracts in January this year, the exchange said.
Average daily volume in February doubled to 3,645 contracts from 1,827 contracts in the
previous month.
The Euro-Dollar futures achieved several daily volume records during February, with the highest daily volume of 6,738 contracts occurring on February 27, 2009. —
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