DGCXâs PKR Futures Contract Launched Date
19/04/2021
The Dubai Gold & Commodities Exchange (DGCX) today announced the launch of its Pakistani Rupee (PKR) Futures Contract and is now available for trading.
As the first-of-its-kind on any regulated exchange in the world, the contract will provide members and their clients with the ability to hedge exposure to the Pakistani Rupee. It will also provide trading opportunities against the wide range of existing foreign exchange currency products that DGCX makes available for trading.
Les Male, CEO of DGCX, said:
“We are pleased to finally launch the highly anticipated PKR Futures Contract, which complements our suite of existing products, and enables DGCX market participants to tap further into the Asian markets. As we move into the second quarter of 2021, we continue to see interest in more currency products - and are exploring opportunities to launch similar initiatives soon.”
DGCX s launches Pak Rupee Futures Contract - News
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DGCX s PKR Futures Contract opened
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Dubai: The Dubai Gold & Commodities Exchange (DGCX) Wednesdy said that it will soon launch a Pakistani Rupee (PKR) Futures Contract, the first of its kind on any regulated exchange in the world, enabling market participants to expand their trading opportunities to the Pakistani market.
The launch follows extensive market research and feedback from DGCX members.
The contract, which is set to go live on Friday 16 April 2021, will allow regional market participants with the ability to hedge exposure to the Pakistani Rupee, on a globally recognized, regulated and secure platform. Additionally, the Dubai Commodities Clearing Corporation (DCCC) will provide margin offsets for calendar spreads in PKR Futures, which will result in greater capital efficiency for DGCX members.