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."