Increased trading activity throughout July saw average daily volume of 14,809 contracts with an underlying value of $717 million, up by 99 percent year-on-year, with the highest ever Average Daily Total Open Interest of 15,303 contracts in July surpassing the previous month's record of 10,943 contracts.Year-to-date trading in Indian Rupee futures reached 1,172,852 contracts in July, reflecting a remarkable growth of 1382 percent over last year.Currency futures remain the key driver of this volume growth, trading 278,269 contracts in July, an increase of 236 percent from the same period last year. Year-to-date volumes in currency trading rose 98 percent, to touch 1,383,942 contracts.Ahmed Bin Sulayem, chairman of DGCX, said: "Following the excellent performance in H1, DGCX has set another remarkable record in July 2011, crossing the 300,000 mark, which is the highest ever monthly volume traded in the history of the exchange. This milestone is indeed a promising start to the trading in the second half of the year."The currency segment showed strong trading across all contracts with volumes for euro-dollar, yen-dollar, Australian dollar, Canadian dollar and Swiss franc futures reached 15,374, 1,179, 4,496, 1,759 and 2,689 contracts respectively, in July or a respective growth of 30 percent, 181 percent, 59 percent, 132 percent and 0.2 percent over the previous month.DGCX's precious metals segment has shown a year-to-date increase of 1 percent over the same period last year with gold and silver futures trading 282,837 and 32,213 contracts respectively.In July, DGCX announced the launch of the INR Options Contract on Sept. 26, 2011. DGCX will hold workshops on the INR Options contract prior to its launch. The dates of these workshops will be announced in due course.Established in 2005, DGCX is described as the region's first derivatives exchange and the only one allowing participants to clear and settle transactions within the Gulf region. It has played a pioneering role in developing the regional market for derivatives. DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Ltd. and Multi Commodity Exchange of India Ltd. (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors.