DGCX sees record growth

06/01/2009 - Dubai Investment News
DGCX sees record growth
While stock markets elsewhere in the world had a troubled year in 2008, the Dubai Gold and Commodities Exchange (DGCX) posted record gains, it has been confirmed.

In news which may be of interest to those considering Dubai property investment, official figures show that the bourse recorded a year-on-year growth of 26 per cent, with a total of 1.14 million contracts traded during the year.

The value of these trades has been put at $57.5 billion, with daily transactions averaging in excess of 4,500 contracts.

Malcolm Wall Morris, chief executive officer of the DGCX, that while global economic circumstances have changed in the last year, the Dubai exchange is in a strong position to react to an altered investment sentiment.

"The economic crisis has demonstrated the importance of transacting derivatives business via an exchange and clearing house, in order to reduce counterparty credit risk," he explained.

The DGCX has also recently confirmed that it will launch a plastic futures trading platform on 5th February.ADNFCR-2019-ID-18958774-ADNFCR