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Dubai – Mubasher: The number of contracts traded on the Dubai Gold and Commodities Exchange since the beginning of the year totaled 18.8 million contracts, an increase of 35% on an annual basis.
The stock market said in a statement Thursday that the results indicate that the stock market is about to break the previous record of 19.67 million contracts.
The average daily volume since the beginning of the year has reached its highest level ever recorded, with 87,253 contracts.
In the midst of persistent market volatility, the G6's top six currency pairs were the most notable performance in October, particularly the euro, which has risen 51% since the beginning of the year.
Gold products also performed well, with gold and gold contracts in Shanghai up 48% and 59% respectively.
"The Dubai Gold and Commodities Exchange (DGCX) has achieved many indices throughout the year, but we are particularly pleased to be able to break the record of previous annual trading volume, result of the efforts of all our stakeholders, "said Les Mell, CEO of DGCX. .
"This also reflects the importance of organized exchanges for the global financial system, as traders seek to hedge risks safely, as markets are affected by persistent geopolitical instability."
The outstanding performance of India's individual futures contracts last October reinforced the DGCX's tendency to break the reference volume.
These contracts increased by 64% year-on-year, with 2.2 million contracts valued at over $ 13 billion to date.
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