EUR and JPY in fashion at the major stock exchanges in October

The Dubai Gold & Commodities Exchange (DGCX) has witnessed an uptick in trading volumes for the month ending October 2017, driven by increased investor interest in euro, Japanese yen and sterling futures, per a company statement.

As market participants digested the implications of geo-political tensions in key markets, which led investors to increasingly turn to derivatives to hedge and mitigate the impact of volatility, the monthly turnover of DGCX’s G6 Currency portfolio touched a strong milestone in October 2017, recording a 225 percent year-on-year increase.

The exchange said in a statement that euro and pound sterling futures showed their highest monthly Average Open Interest (AOI) at 2077 and 1275 contracts respectively. Taking a year-to-date (YTD) prospective, trading volumes in the two currency pairs registered impressive growth of 112 percent and 36 percent compared to the comparable period in 2016. Japanese yen futures witnessed strong growth too, with volumes expanding by 205 percent year-on-year compared to the same period last year.

Singapore Exchange (SGX)'s FX futures were reported at 1.0 million contracts in October 2017, down by -20 percent month-over-month from 1.3 million contracts in September 2017. However, FX futures were able to notch an advance of 109 percent year-over-year from October 2016.

Source: Finance Magnates

Jr Trader Alexander Kumanov

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