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DGCX records surge in Indian Rupee Quanto, silver future contracts in April

DGCX records surge in Indian Rupee Quanto, silver future contracts in April
The exchange's new PKR Futures Contract registered 180 lots

UAE - Mubasher: The Dubai Gold and Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 179,554 contracts during April.

The DGCX reported a 562% year-on-year (YoY) Average Daily Volume (ADV) surge in Indian Rupee Quanto Futures Contract in April, while registering a 146% year-to-date (Y-T-D) volume growth in its Silver Futures, according to a press release on Tuesday.

In addition, the exchange's new Pakistani Rupee (PKR) Futures Contract registered 180 traded lots at a total value of $2.35 million.

The CEO of DGCX, Les Male, said: "Last month saw the DGCX Group achieve a number of historic milestones that will position us strongly going forward."

Male commented: "Significantly, we obtained a permit from the Israel Securities Authority; enabling qualified Israeli corporations who trade on proprietary basis to become trade members and benefit from our trading services and platform."