In 2011, the exchange reached a major milestone of 10
million contracts since inception on Dec. 19. Since its launch in 2005, the exchange
has so far traded 10,142,979 contracts, valued at $476 billion.
As with last year, currencies drove the majority of
volume growth on the exchange accounting for 88 percent of total contracts this
year. Currency volumes in 2011 stood at 3,567,609, an increase of 177 percent
from last year. Indian rupee futures retained its exceptional growth momentum
over the last two years ending 2011 with 3,184,979 contracts, a 563 percent
growth from 2010.
Precious metals accounted for the remaining 11 percent of
the exchange's total volumes registering 443,889 contracts. Silver futures
emerged as the strongest performer of the year in the precious metals segment
rising by 40 percent from 2010 to aggregate 44,870 contracts in 2011.
Meanwhile, in December 2011, DGCX traded 414,729
contracts worth $16.104 billion, an increase of 152 percent on 2010. As with
the rest of the year, the currency segment led the volume growth, trading
405,338 contracts, up by 239 percent from December 2010.
Stephen Gaterell, chief executive officer, DGCX, said,
"The exchange's performance in a year which saw increasing economic
uncertainty is a testament to its ability to offer a unique platform to manage
and mitigate currency and commodity price risk. As we embark on 2012, we aim to
further develop our technology infrastructure as part of offering an even
better trading environment for our Members. We will also be looking to expand
our product offering and diversify our business across other markets. The exchange
is also considering measures to further increase liquidity and volume in
existing futures contracts. With volatility high in today's economic
environment, we expect greater trading volumes across precious metals, energy
and currencies on DGCX."
DGCX recorded an average daily volume of 15,736 contracts
in 2011, an increase of 107 percent against 2010.
