Dubai - Mubasher: Dubai Gold and Commodities Exchange (DGCX) has achieved the best performance in its history in February, continuing its record-breaking start to 2018.
Last month, the exchange traded its highest monthly volume of nearly 2.098 million contracts, valued at $47.03 billion, recording 67% year-on-year growth.
This makes the year-to-date growth stand at 53%, according to an official statement by DGCX.
The record breaking trading activity is supported by the increased appetite for protection amidst market volatility.
Currencies and precious metals were the top performance in the exchange.
Gold Quanto Futures recorded its highest monthly average volume of 1,714 contracts, with a year-on-year growth of 120% compared to February2017.
It is worth noting that DGCX has received the needed regulatory approval for the Dubai Spot Gold – Shariah Compliant contract with further announcements to be made in due course.
