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Dubai Gold & Commodities Exchange Monthly Update Newsletter - April 2010

Date 11/04/2010

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Welcome to the April DGCX Update including last month’s volumes and prices, as well as a round up of the latest news at DGCX.

 

In this issue:
• Snapshot: DGCX Commodity & Currency Prices
• Snapshot: Commodity & Currency Volumes
• DGCX News in Brief
• DGCX in the Press
• Further Information

DGCX Indian Rupee/Dollar Futures achieve new record time high
  • Volume reached 1,074 contracts on March 26, valued at US $ 47.37 million, the highest value and volume achieved since the contract was launched in 2007
  • The new high surpassed the earlier record of 957 contracts achieved on May 19, 2009

Press Release

 

 

 

PICTURE
DGCX News in Brief

 

DGCX volume increases 133% in first quarter of 2010
  • Trading in January-March stood at 495,059 futures contracts, valued at US $29.6 billion, 133% up on the first quarter of 2009

  • Volume in the January-March period rose on the back of strong demand for currencies, gold and WTI crude oil futures, which recorded volumes of 361,760, 112,077 and 13,457 contracts respectively

  • Volumes in the first quarter increased by 128%, 133% and 138% for currencies, gold and WTI crude oil respectively

  • March 2010 volume rose 60% on last year at 162,034 contracts

Press Release

 

“Dubai City of Gold Conference”, May 2nd, Almas Tower, Jumeirah Lake Towers, Dubai

City of Gold

The Dubai Gold & Jewellery Group is hosting the 7th City of Gold event on May 2nd at the Almas Conference Facility, Almas Tower, Jumeirah Lake Towers, Dubai.  The full day conference will be followed by a networking cocktail reception, sponsored by Standard Bank Plc and combined with the Pearl Essence Gala & Fashion Show at the Dubai Diamond Exchange (DDE).   The conference and discussions will focus on emerging trends in the industry and future outlooks for Gold.

 

Entry for DGJG, DMCC and DGCX members is AED 250 (US $70) per person.  Entry for non-members is AED 500 (US $140) per person.

 

Date: Sunday May 2nd, 2010
Conference: 9.00am to 7.00pm
Cocktail: 7.00pm onwards

 

Please click here for the DGJG registration form and full conference agenda.

 

For more information, please contact the Dubai Gold & Jewellery Group

Tel: +971 4 2291188

Email: swapna@dubaicityofgold.ae

or visit www.dubaicityofgold.com

 
DGCX in the News

DGCX Volume Increases 133% In First Quarter Of 2010
Dubai Gold & Commodities Exchange (DGCX) recorded a 133% rise in volume in the first quarter of 2010, with 495,059 futures contracts traded, valued at US $29.6 billion...
www.mondovisione.com, April 7, 2010

 

DGCX Indian Rupee/Dollar futures hit new high
Trade in the Indian Rupee/Dollar futures surged to a new daily high on the Dubai Gold & Commodities Exchange (DGCX) on March 26....
www.tradearabia.com, March 28, 2010

 

DGCX Indian Rupee/Dollar futures achieve new record
Trade in the Indian Rupee/Dollar futures surged to a new daily high on the Dubai Gold & Commodities Exchange last Friday, March 26, 2010. 1,074 contracts valued at US $47.37 million were recorded on the exchange - the highest value and volume achieved since the contract was launched in 2007...
www.business.maktoob.com, March 29, 2010

   
 
Member News
 

Last month’s top institutional brokers and clearers sorted alphabetically:

Broker Members  

Broker Clearing Members

A.R. MIDDLE EAST DMCC
AL AMEEN BROKERS DMCC
DUBAI INTERNATIONAL SECURITIES LLC
GTL TRADING DMCC
IDEAL COMMERCIAL BROKER L.L.C
JRG INTERNATIONAL BROKERAGE DMCC
NEWEDGE GROUP
ONE WORLD FINANCIALS DMCC
RICHCOMM GLOBAL SERVICES DMCC
SMC COMEX INTERNATIONAL DMCC
 

A.R. MIDDLE EAST DMCC
AL AMEEN BROKERS DMCC
DUBAI INTERNATIONAL SECURITIES LLC
GTL TRADING DMCC
J P MORGAN SECURITIES LTD.
JRG INTERNATIONAL BROKERAGE DMCC
MASHREQ BANK PSC
MF GLOBAL MIDDLE EAST DMCC
NEWEDGE GROUP (UK BRANCH)
ONE WORLD FINANCIALS DMCC
SHINE FORTUNE LTD
SMC COMEX INTERNATIONAL DMCC

 
   
  Further Information
 

Full details on all DGCX products and news can be found at www.dgcx.ae.
Alternatively, if you would like to speak with a Relationship Manager, please contact us on the details below.

Tel: +971 (0)4 361 1616

Email: info@dgcx.ae

Dubai Gold and Commodities Exchange

P.O. Box 37736, Dubai, United Arab Emirates

   
 
DGCX refers to “Dubai Gold and Commodities Exchange” and any company which is an owned subsidiary of DGCX. All proprietary rights and interests in this publication shall be vested in DGCX. No part of this publication may be redistributed or reproduced without written permission from DGCX. DGCX shall not be liable for the use of the information contained in this publication, connected with actual trading or otherwise. DGCX shall not be responsible for any errors or omissions contained in this publication. DGCX, nor its affiliates, associates, representatives, directors or employees, shall be responsible for any loss or damage that may arise to any person due to any action taken on the basis of this publication. This publication is for information only and does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. All information, descriptions, examples and calculations contained in this publication are for guidance purposes only and should not be treated as definitive. Those wishing either to trade futures and options contracts on DGCX, or to offer and sell them to others should establish their regulatory position before doing so. DGCX is regulated by the Emirates Securities and Commodities Authority (ESCA). ESCA is a member of the International Organisation of Securities Commissions (IOSCO).