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One million milestone

The Dubai Gold and Commodities Exchange (DGCX) has announced that its total volume for 2010 surpassed the one million contracts mark on July 13, 2010, the earliest it had exceeded this milestone in any year since inception.

Eric Hasham, chief executive officer of DGCX, said, “Topping the one million contracts mark in just over six months is further evidence of the growing demand for both currency and commodity derivatives this year. It is also a sign of the exchange’s growing profile as a leading venue for hedging and investing. Encouraged by the performance of the first six months, we are looking forward to a strong end of year.”

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