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Dubai gold, commodity exchange misses trading volume target

Posted on 15 January 2009

From Btimes.com.my: Dubai Gold & Commodities Exchange, a futures market in the Persian Gulf emirate, posted a 26 per cent advance in contract volumes last year, falling short of a target to double trading.

A total of 1.14 million contracts valued at US$57.5 billion (US$1 = RM3.50) changed hands, buoyed by new products including oil and Indian rupee futures, the bourse said in an e-mailed statement yesterday. chief executive officer Malcolm Morris in May said he was targeting volume of as much as two million contracts for 2008….. Full Article: Source


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