DGCX Indian Rupee Contract Achieves Record
l DGCX Indian Rupee/Dollar futures contract reaches highest ever daily volume of 1,264 contracts,
valued at US $53.8 million on July 1st, 2010
l Total of 16,277 contracts traded on July 1st, 2010, the second highest daily volume for the exchange
July 06, 2010 12:18 PM Eastern Daylight Time
DUBAI, United Arab Emirates--(EON: Enhanced Online News)--The Dubai Gold & Commodities Exchange today
announced that trading in the Indian Rupee/Dollar futures contract reached an all time daily high of 1,264 contracts
and US $53.8 million notional value on July 1st, 2010.
The new trading record for the Indian Rupee contract surpasses the previous peak of 1,074 contracts and US
$47.37 million notional value achieved on March 26th, 2010 and follows the highest ever Indian Rupee monthly
volume which was set last month. Year-to-date volume for Indian Rupee/Dollar futures is more than double the
number of contracts traded in the same period last year, with growth of 121%.
“The recent daily high in Indian Rupee/Dollar futures demonstrates the increased demand among our global members
and their commercial and investor clients to manage their exchange rate risk or gain exposure to the Indian Rupee,”
said Eric Hasham, Chief Executive Officer, DGCX.
“We are delighted with the increased momentum and trading activity that we are seeing in the India Rupee contract,
which is testimony to improved liquidity, low cost trading and easy access to DGCX markets,” he added.
July 1st saw total volume of 16,277 contracts, valued at US $863 million, the second highest trading day since
inception. The highest daily record was set on March 1st, 2010, with 19,255 contracts traded, valued at US $1.27
About DGCX: Established in 2005, DGCX is the region’s first derivatives exchange and the only one
allowing participants to clear and settle transactions within the region. The Exchange has played a
pioneering role in developing the regional market for