Total monthly volumes reach over 1 million contracts
Mini-Indian Rupee futures up 54%
258% year-to-date growth for Silver futures

Total volumes on the Dubai Gold & Commodities Exchange (DGCX) hit 1,000,174 contracts in February, with average daily volume rising 6% from the previous month to reach 50,309 contracts per day.

DGCX’s Mini-Indian Rupee futures contract was one of the key performers of the month growing 54% from January to register 145,329 contracts. The smaller version of DGCX’s regular Indian Rupee futures contract,the Mini-Indian Rupee futureswas launchedin April 2013 in response to market demand for a smaller contract that allows traders to execute trading strategies without making high capital investments.DGCX today provides one of the largest liquidity pools globally for Indian Rupee futures trading, with a wide range of institutions, businesses and individual traders usingthe contract to mitigate currency risk exposure.

Other key currency performers in February includedSwiss Franc, British Pound, and Canadian Dollarfutures, which grew 126%, 31%, and 15% respectively from the previous month.Euro futures recorded its highest average daily open interest of 1,903 contracts in February.

Silver futures volumes grew substantially in February, up 209% from last year, aggregating 6,446 contracts, its highest since June 2011. The contract was also up 35% from January. Sensex Futures recorded its thirdhighest monthly volume of 11,564 contracts in February.

Year-to-date volumes of energycontracts registered a growth of 45% from last year, in addition to a 33% year-on-year rise.Year-to-date volumes for WTI futures grew 38%.