Dubai exchange reports record trading in October

25/10/2010 - Dubai Investment News
Dubai exchange reports record trading in October

Posted by Neil King

The Dubai Gold & Commodities Exchange (DGCX) has proclaimed October 2010 to be one of the most active months of trading in its history after seeing daily volume records set by three separate currency futures on the same day.

That day was October 19th, 2010, when the Indian Rupee futures traded a record 6,043 contracts on the DGCX.

In addition, the Canadian Dollar futures traded a record 606 contracts on the day while the Australian Dollar traded 498 contracts worth $24 million, surpassing the previous record of 285 contracts.

According to the DGCX, October has seen several trading days with daily volumes surpassing 10,000 contracts and the third highest overall daily volume of 15,350 contracts.

The results came as DGCX confirmed it will be speaking at the Middle East Online Trading Summit at Jumeirah Emirates Towers on November 9th-10th, 2010.

Meanwhile, the Dubai Chamber of Commerce & Industry recently announced the launch of an online "sustainability directory" aimed at promoting companies that offer sustainable products, services and solutions in the UAE.