DGCX volume increases 6% year-on-year.Summary: Volume on Dubai Gold & Commodities Exchange (DGCX DGCX Dubai Gold & Commodities Exchange ) recorded a year-on-year growth of 6% in September to reach 96,292 contracts. Volume on Dubai Gold & Commodities Exchange (DGCX) recorded a year-on-year growth of 6% in September to reach 96,292 contracts. Valued at US $4.6 billion, the 6% growth in September was largely driven by currency and crude oil futures contracts Futures Contract An exchange traded agreement to buy or sell a particular type and grade of commodity for delivery at an agreed upon place and time in the future. Futures contracts are transferable between parties. . WTI WTI West Texas Intermediate WTI Western Transportation Institute (Montana State University) WTI World Tribunal on Iraq WTI With The Idea (used in chess to point to the idea behind a specific move) crude oil futures traded 14,400 contracts in September, an increase of 149% on last year. Trading in the GBP/Dollar, Indian Rupee/Dollar and Yen/Dollar futures reached 12,698, 4,927 and 4,012 contracts respectively last month, gathering momentum compared with the same period last year. Total volume for currency futures Currency Futures A transferable futures contract that specifies the price at which a specified currency can be bought or sold at a future date. Notes: Currency future contracts allow investors to hedge against foreign exchange risk. rose by 85% year-on-year to 27,963 contracts. On September 30, the value of Indian Rupee/Dollar futures traded on DGCX was US $ 24.41 million despite the Indian public holiday, underscoring the international interest in the contract. DGCX was the only Exchange open for trading Indian Rupee/Dollar futures on September 30. The volume of Indian Rupee Noun 1. Indian rupee - the basic unit of money in India; equal to 100 paise rupee Indian monetary unit - monetary unit in India paisa - a fractional monetary unit in Bangladesh and India and Nepal and Pakistan futures was 585 contracts. As the only exchange outside of India to offer trading and clearing for Indian Rupee futures business, DGCX is the alternative to the unregulated Non Deliverable Forward (NDF See Nondeliverable Forward Contracts. ) market. 2009 Mena Report (www.menareport.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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