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 Geplaatst: 16-08-2018 05:01:14 Onderwerp: The more youthful |
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DUBAI Ryan Miller Ducks Jersey , June 1 (Xinhua) -- The Dubai Gold and Commodities Exchange (DGCX) said on Thursday in a statement that it saw the highest traded volume of the year with over 1.43 million lots changed hands in May mostly because volatility slowly returned into emerging markets.
DGCX said it witnessed in particular a spike in foreign exchange products' trading during the month of May.
The Japanese yen saw a seven-fold increase in volume. While the euro, Canadian dollar and Australian dollar futures saw significant year-on-year increases of 102 percent, 94 percent, and 64 percent, respectively.
Among the precious metal products, the recently listed Shanghai Gold futures, DGCX said, "traded an impressive volume of 2,889 contracts valued at 805 million Chinese yuan (118.3 million U.S. dollars) in May."
"The Shanghai Gold Futures Contract has given the DGCX a decisive advantage over Singapore, because in Southeast Asia, Chinese gold futures are traded over the counter, not as a standardized futures contract," Paresh Kotecha, Chairman of Dubai-based commodities trading firm Richcomm Global Services, told Xinhua in an interview earlier last month.
The yuan-denominated gold product has had a positive knock-on effect on DGCX's other gold products. Meanwhile, trading in silver futures also saw volume growth of 101 percent from April 2017.
The DGCX, which has 46 products on its quotations list, launched Chinese yuan futures back in 2015.
Gaurang Desai, CEO of DGCX, said "whether it is building liquidity in products, raising awareness or imparting the right knowledge, we want to make sure traders and investors are prepared for the challenges of fast moving markets."
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The art of giving out Christmas gifts started long ago and it was a symbol of gratitude. It’s accustomed to express thankfulness, true love or a similar notion towards the recipients. The idea of providing christmas presents for special loved ones has gone through great revolution within the last few years. This method of exhibiting thankfulness for your friends, family and other very important people has evolved commendably and an example is the sort of Christmas presents we now hand out.
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