Dubai, 13 August 2009 

Total transactions on Dubai Gold & Commodities Exchange ( DGCX) yesterday rose to 13,317 contracts – the highest daily volume achieved in 2009 and the second highest since the Exchange launched in 2005. 

August 12 was the year’s busiest day on DGCX with high activity in Euro/Dollar, GBP/Dollar, Yen/Dollar and Gold futures. Total overall volume exceeded the previous 2009 record of 12,043 contracts, which was achieved in April. The latest daily high is only second after the all-time-high of 14,066 contracts achieved in July 2008.

• Exchange trades 13,317 contracts, worth US $865.84 million on August 12, the highest year-to-date 2009 

• Yen/Dollar futures surge to highest volume ever at 2,061 contracts, US $107.4 million value 

Among the currency segment, Yen/Dollar futures contracts increased to achieve the highest volume ever at 2,061 contracts worth US $107.41 million. GBP/Dollar futures attained maximum interest during the trading day, with 4,767 contracts. Trade in Euro/Dollar futures hit 3,591 contracts, while Indian Rupee/Dollar futures reached 250 contracts.

The total value of all trades on August 12 was US$865.84 million, which is the highest achieved year-to-date, exceeding the earlier record of US $792.92 million in April.

“The recent volume records on August 12 reflect our successful strategy of offering the right products at the right time and a diversified portfolio of products that our customers want to trade”, said Malcolm Wall Morris, Chief Executive Officer (CEO), DGCX.

Ends --