DGCX to launch the world’s first PKR Futures Contract
Muzaffar Rizvi/Dubai Filed on March 17, 2021
The contract size is 2,000,000 of base currently (PKR) and will be traded and cash settled in US Dollars (USD) based on publicly available reference prices displayed on the last trading day. Trading hours will be from 07:00 to 23:55, Gulf Standard Time. File photo
The contract, which is set to go live on Friday April 16, 2021, will allow regional market participants with the ability to hedge exposure to the Pakistani rupee, on a globally recognised, regulated and secure platform
The Dubai Gold and Commodities Exchange (DGCX) on Wednesday confirmed that it will soon launch a Pakistani rupee (PKR) futures contract.
DGCX Launches Daily Gold Futures Contract Date
25/01/2021
The Dubai Gold & Commodities Exchange (DGCX) today announced that it has launched a 12.5kg physically delivered Daily Gold Futures Contract, available for trading today. As the first-of-its-kind in the region, the contract builds on DGCX’s growing suite of precious metal products. The Daily Gold Futures Contract was introduced in response to increased market demand and will be cleared by the Dubai Commodities Clearing Corporation (DCCC).
The Daily Gold Futures Contract is certified in accordance to Dubai Good Delivery (DGD) standards which are regarded as the international benchmark for quality and technical specifications for production of Gold and Silver . The Daily Gold Futures Contract size is 400 troy ounces, with a weight tolerance of 350 troy ounces. Initial brands will include Emirates Gold DMCC and Al Etihad Gold Refinery DMCC, with the possibility of additional brands being added in the future. The contrac
DGCX Wins Exchange Of The Year At FOW Global Investor MENA 2020 #Dubai dubaicityguide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dubaicityguide.com Daily Mail and Mail on Sunday newspapers.
Date
16/12/2020
The Dubai Gold & Commodities Exchange (DGCX) – the largest and most diversified derivatives exchange in the Middle East - has been named as ‘Exchange of the Year’ at the prestigious FOW Global Investor MENA 2020 for a third year in a row.
The
‘Exchange of the Year – Middle East and Africa’ award was awarded to DCGX in recognition of its stellar performance over the last 12 months, in which it broke numerous records for trading volume, notional growth and open interest.
Over this time period, the DGCX traded nearly 20 million contracts, cleared by the Dubai Commodities Clearing Corporation (DCCC) – an 100% owned DGCX subsidiary – with a notional value exceeding USD $826 billion.