DCGX oil futures post record first-day trading volumes



The Dubai Gold and Commodities Exchange (DGCX) launched West Texas Intermediate (WTI) light sweet crude oil and Brent crude oil futures contracts on May 27, posting the biggest first-day volumes for any DGCX contract.

More than 2,800 contracts traded on WTI and Brent, with a value of $370 million, exceeding first day volumes for the exchange's silver futures of 1,158 contracts in March 2006.

A fee waiver will be in place for the two contracts until August 26. They will trade from 0830 to 1130

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