The Dubai Gold and Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the region, announced on Friday that total trade value has reached $ 150 billion.
The exchange revealed an open interest rate record during 2021 of 1,985,584 contracts with 7,076,350 contracts traded in the last year, for a total value of $ 149.676 billion.
In addition, the Indian rupee options contract was the best performing product among DGCX products in 2021, with trading growth of 1.233% year-on-year.
The activity of trading gained strong momentum during December, with over 727,784 contracts traded during the month, with Indian rupee futures in head.
Les Mel, CEO of DGCX, said: “During 2021, DGCX has diversified its product portfolio, introducing new contracts, such as the forward on the Pakistani rupee, and favored our expansion by entering the Israeli market. We have also continued to focus on upgrading our technology infrastructure and system and plan to complete the financial framework system development project with Nasdaq in the second quarter of 2023. We will continue our commitment to early 2022, to cooperate with many investors and we will soon be launching a number of contracts future innovative, which will create value for market participants and further strengthen our position in Middle East”.
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