The Dubai Gold & Commodities Exchange (DGCX) today announced that trading in Indian Rupee/Dollar futures crossed the 5,000 contracts mark on Friday October 8th, 2010, reaching an all time daily high of 5,201 contracts, valued at US $ 234.08 million.
The new daily volume record surpassed the previous peak of 4,724 contracts, valued at US $212.16 million, set on October 7th, 2010. The daily high follows the DGCX Indian Rupee futures’ fourth straight monthly volume record of 69,917 contracts set in September 2010. Year-to-date volume for Indian Rupee futures reached 192,628 contracts at the end of September, a growth of 195% on last year.
“The outstanding run of DGCX Indian Rupee/Dollar futures YTD demonstrates the growing demand for trading the contract among our membership base. Apart from the fact that it provides an ideal financial tool to manage price risk in the Indian Rupee, the product’s performance has been driven by its improved liquidity, low cost trading and easy access to DGCX markets,” said Eric Hasham, Chief Executive Officer, DGCX.