Author: Paul Ploumis
11 Mar 2015 Last updated at 08:27:07 GMT
ABU DHABI (Scrap Monster): Dubai Gold and Commodities Exchange (DGCX) contract volumes reached 929,152 contracts in February 2015, recording robust growth of 3% over the previous year. However, the volume growth contracted when compared with 23% recorded during January this year. The value of all contracts traded during the month amounted to $35 billion.

The equities sector emerged the key performer of the month. The Indian equities portfolio grew by nearly20% over the previous year. Sensex futures witnessed strong growth in volumes. The volumes grew almost 20% year-on-year and approximately 10% from the previous month.

Another key performer was the Indian Rupee Options which recorded all-time high volume and value growth. The contracts traded in this segment totaled 7,200 and the total value of traded contrasts amounted to $1.18 million. The contract volumes sky rocketed by 103% over the previous month.

The open interest and volumes for Indian Rupee Options recorded peak of 4,597 contracts on 25th February 2015. The volume of contracts touched record high of 1,212 contracts on 27th February. The Options contract also recorded highest ever Average Daily Open Interest of 2,456 contracts during the month of February this year.

In a bid to expand its emerging market portfolio, the DGCX had launched two Futures contracts based on the MSCI India Index during October last year. During the same month, it had launched two new pairs of Mini Indian Rupee (INR) futures contracts denominated in British Pound (INRGBP) and Euro (INREUR) respectively. Also, the Exchange had announced launch of three new emerging market currency futures for trading towards end-2014. The contracts in Russian Ruble, Korean Won and South African Rand Futures had gone live on Friday, December 26th.

Meantime, DGCX has reiterated its commitment to explore new opportunities during 2015.