High volumes at DGCX

The Dubai Gold and Commodities Exchange (DGCX) has been named as ‘Emerging Exchange of the Year’ in Asia for 2013 by Futures & Options World.

DGCX beat stiff competition from Thailand Futures Exchange and India’s United Stock Exchange for the ‘Emerging Exchange of the Year’ award; while it was chosen over some of Asia’s largest exchanges like ASX/SGX, HKex and Bursa Malaysia for the ‘Best Technology Innovation’ award.

Bucking the decline in growth of exchange-traded derivatives in 2012, DGCX registered 138 per cent growth in the last year, following it up with year-on-year growth of 101 per cent in H1 2013. Year-to-date volumes reached 10.37 million contracts at the end of August, a rise of 80 per cent from the previous year.