DGCX Sees 16% Increase in Total Volume of Trades for Full 2022

Dubai Gold & Commodities Exchange (DGCX), the largest and most diversified derivatives exchange in the Middle East, reported its full-year market statistics for 2022, recording an increase of 16.00% in total trading contracts on a yealy basis.

The full year of 2022 saw a total of 8.239 million contracts with a total value of $162.01 billion during the year representing growth of 16.00% and 8.24%, respectively. The year of 2021 recorded a sum of 7.076 million contracts with the total value of the contracts amounting to $149.68 billion.

The Highest daily volume for the year appeared on October 21, 2022, came in at 90,107 lots; and the Average daily volume (ADV) for 2022 was 31,800 lots.

The Average open interest (AOI) for the year reached 127,831 lots.

With inflation rising steadily over the course of 2022, investors increasingly turned to gold, with DGCX reporting a 78% increase in the volume of gold contracts traded on the exchange compared to the previous year. 

Throughout the year, DGCX saw steady trading in Indian Rupee, as market participants looked to hedge their exposure to one of the world's fastest-growing economies. 

DGCX also saw volume growth for the Yen, Australian, and Canadian Dollars and increased investor interest in the Euro and British currency.

"During 2022, DGCX delivered significant double-digit growth across multiple metrics in the face of continued economic challenges around the world. Within this context, with participants focusing on currencies and gold, DGCX launched physical gold and spot gold contracts​. DGCX also made history by being the first UAE exchange to list Israeli Shekel Futures, delivering even greater product diversity and liquidity for traders," said Ahmed Bin Sulayem, CEO of DGCX.

"As we look to 2023, DGCX will continue to expand its operations by building new partnerships and providing investors and market participants with products and services that are highly innovative and add value."