Monday 23, June 2008 by Mike Gallagher

DGCX crude oil volumes hit record

As evidence of what it called “the growing appetite to transact business in the region,” the Dubai Gold and Commodities Exchange (DGCX), the Middle East's derivatives exchange, reported record crude oil futures transactions on Thursday 19th June for its recently launched WTI contract. Approximately 3,500 contracts were traded, surpassing the previous record of 2,813 contracts by over 20 per cent. The average daily volumes traded were 1306 contracts, according to the DGCX. 

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