Dubai – Mubasher: The Dubai Gold and Commodities Exchange’s (DGCX) trading value amounted to $3.12 trillion since launching in 2005 until the end of the first half of 2018.
The Dubai-based bourse’s traded volume reached 108.2 million contracts in 13 years and a half.
The DGCX posted the highest traded value of $448 billion in 2013 and the biggest trading volume in 2016 with 19.69 million deals, Al Bayan newspaper reported.
In June, the DGCX stated that it registered its strongest performance since launching in the first six months of 2018 after trading volume hit 11.3 billion contracts with a liquidity of $250 billion.
The DGCX is currently planning to boost liquidity in some productions by attracting further investors, along with the possibility of issuing additional commodities that will contribute to launching a platform for Shariah-compliant products, CEO Les Male stated.
The DGCX is a unit of Dubai Multi Commodities Centre (DMCC).
