Dubai, UAE: Dubai Gold and Commodities Exchange (DGCX) recorded contracts in excess of 9.5 million in the first half of 2016 – 50 percent higher than the same period last year. The Exchange recorded the highest daily volume on June 24, 2016 with 150,570 contracts worth USD3.55 billion.
Situations such as the Brexit uncertainty and its aftermath motivate investors to look for regulated exchange platforms to hedge their price risk exposures across asset classes, according to a statement from DGCX. DGCX is being increasingly considered to help protect trading portfolios by effectively mitigating risk and market exposure.
The Exchange witnessed a strong upswing across all its asset classes with volumes surpassing those of 2015, said Gaurang Desai, CEO of Dubai Gold and Commodities Exchange.