UNITED ARAB EMIRATES October 04 2016 5:41 PM

DUBAI (Scrap Register): Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched close to 14.76 million contracts, growing 40% from same period last year. This year, the Exchange recorded an average volume of 75,148 contracts a day, valued at around USD 1.71 billion. The Exchange also capped the third quarter with over 5 million contracts, growing 26% from Q3 2015.

Despite the festival season in September, trading activity significantly gained momentum post-Eid holidays, with DGCX trading an average of 88,131 contracts a day, growing 33% from the same period last year.

The Exchange also registered the highest average monthly Open Interest (OI) position of 438,111 contracts, representing growth of 172% over the same period last year. During September, the Exchange also recorded its highest ever OI of  593,583 contracts valued at over USD  9.1 billion.

The standout performer of the month was the Indian Rupee options contract which witnessed  robust  trading activity, registering close to 215,088 contracts this year, up 151% from last year. The options contract also recorded a substantial  year-on-year growth of 707% , trading an average 1,956 contracts per day. 

Indian Rupee options traded a total of 82,999 contracts this quarter, recording an increase of 132% from Q32015. In addition, the contract also recorded the highest monthly Average OI of 13,840 contracts and also went to record its highest OI of 21,300 contracts on 28th September 2016.