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Locals drive DGCX to strong early WTI volumes

by Colin Packham, Sydney

Dubai Gold and Commodities Exchange (DGCX) reported a record daily volume of crude futures in it’s newly launched WTI contract on June 19, which the exchange said was born from interest from members who were unwilling to trade outside of Dubai.

While new contracts generally attract little or no volume early-on, DGCX said that approximately 3,500 contracts were traded, surpassing the previous record of 2,813 contracts...

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