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21 october 2019

DGCX awarded ‘Exchange of the Year’ at FOW Global Investor MENA Awards 2019

11 november 2019

The Dubai Gold and Commodities Exchange (DGCX) has been recognized as ‘Exchange of the Year’ at the FOW Global Investor MENA Awards 2019 for its remarkable growth in which it broke numerous records for trading volume, notional value and open interest, as per a press release from the Exchange.
Les Male, CEO of DGCX, commented: “Winning this is a huge achievement and testament to the DGCX’s incredible journey of growth over the last twelve months. We continuously strive to deliver excellence, innovation and confidence to our investors and traders. So being recognized for our remarkable performance is hugely gratifying and encourages us to continue our efforts and keep building on our accomplishments.” 

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         Image credit: DGCX


During the qualifying period, the DGCX traded over 22.2 million contracts, setting a new overall volume record, with a notional value exceeding USD 449 billion, setting itself apart from its peer group within the region and cementing its leading position within key markets. The DGCX also widened investor participation and enhanced liquidity in the market during the qualifying period, whilst remaining the largest global liquidity pool for Indian Rupee trading.
In addition, market participants increasingly relied on DGCX for hedging and investment purposes, as evidenced by its strong performance in FX futures and currency pairs during ongoing geopolitical tensions across Europe, the United States and Asia. DGCX’s Indian Rupee products – INR future, Indian Rupee Quanto Future and the INR-USD Options, drove record-breaking performance for DGCX during the qualifying period.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished