Extra shine for DGCX

dubai Gold & Commodities exchange (dGCX) recorded a 133 per cent rise in volume in the first quarter of 2010, with 495,059 futures contracts traded, valued at $29.6m. Volume in the January-March period rose on the back of strong demand for currencies, gold and WTI crude oil futures, which recorded volumes of 361,760, 112,077 and 13,457 contracts respectively. Volumes in the first quarter increased by 128 per cent, 133 per cent and 138 per cent for currencies, gold and WTI crude oil respectively. “The increased demand for dGCX futures is evident from the growth trend in the first quarter of 2010. It endorses the success of our strategy of offering a diversified product mix and liquid markets through tighter prices,” said eric hasham, chief executive officer, dGCX. “Looking ahead, the exchange will continue to strengthen its product range, taking into consideration member requirements, and provide participants with an ever more efficient and secure environment to trade in,” he added.