Dubai Gold and Commodities Exchange (DGCX) got off to a strong start in 2012 with January volumes rising 95% from the same month last year to hit 475,942 contracts, valued at $19.32bn.
Average daily volume (ADV) on DGCX in January was 21,634 contracts, up 86% from the 11,637 contracts traded per day a year ago.
January volumes were propelled primarily by currency futures, which aggregated 442,345 contracts, rising 124% from last year. Indian Rupee futures sustained its exceptional growth momentum, climbing 157% from January last year and reaching the highest ever monthly volume of 431,902 contracts. Among other currency futures, Sterling/Dollar grew 14% while Dollar/Yen rose 39% from December 2011 to reach 2,246 and 386 contracts respectively. US Dollar/Canadian Dollar futures also grew substantially by 104% over the previous month to reach 330 contracts.
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