Wednesday 18 May 2011

DGCX mulls end of oil, steel deals - The National

Dubai's commodities exchange is weighing whether to stop offering oil and steel contracts because of a lack of interest among traders.

The exchange is considering the move although those commodities are trading at or near new highs, its chief executive said yesterday.

"We are reviewing the contracts because they're not doing any volume," said Eric Hasham, the interim chief executive of the Dubai Gold and Commodities Exchange (DGCX).

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