FX futures on DGCX up 278% in March

DUBAI - Heightened foreign exchange volatility led the Dubai Gold and Commodities Exchange (DGCX) to report a 278% year-on-year rise in currency futures trading in March, with notional values reaching $5.3 billion.

"Currency futures are showing signs of becoming the most attractive alternative asset class so far in 2009," said the DGCX. "The ongoing volatility and focus on risk management strategies has encouraged market participants to hedge their exposure to foreign currencies."

The notional

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