Arab Today, arab today dgcx launches 3 new emerging market currency futures
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

New EM contracts will manage price risk

DGCX launches 3 new Emerging Market currency futures

Arab Today, arab today

Arab Today, arab today DGCX launches 3 new Emerging Market currency futures

Dubai Gold and Commodities Exchange (DGCX)
Dubai - Arab Today

Expanding its suite of Emerging Market (EM) products, the Dubai Gold and Commodities Exchange, DGCX, yesterday announced the launch of three new currency contracts – Russian Ruble Futures, Korean Won Futures and South African Rand Futures. The new contracts went live on Friday, December 26th.
The new EM currency contracts will provide DGCX market participants with additional tools to manage their price risk and exposure to foreign currencies as well as provide new arbitrage opportunities.
Gaurang Desai, Interim CEO of DGCX, said, "Emerging Market currencies have been extremely volatile in the past few years due to various macro-economic factors. The launch of the Russian Ruble, Korean Won and South African Rand Futures represent an important facet of our comprehensive and long-term Emerging Market product strategy." "With the increasing prominence of these three currencies in the emerging markets landscape, the launch of these contracts assumes considerable significance. The Middle East's trading links with South Africa, Russia and South Korea have been growing rapidly over the past few years and businesses transacting with these markets need to make sure that their currency price risk is managed effectively to ensure their long-term sustainability," he added.
The new currency contracts are cash settled and can be traded Monday through Friday from 8:30am to 11:30pm Dubai Time (4:30am to 7:30pm GMT and 12:30am to 3:30pm Eastern Time). The contracts are sized at US$50,000 with the contract price quoted in US Dollars.
The new contracts will be cleared by the Dubai Commodities Clearing Corporation, DCCC, a wholly owned subsidiary of DGCX. With the global crisis highlighting counterparty risk and lack of transparency associated with transacting FX trades bi-laterally or over-the counter, regulated exchanges and Clearing Houses are assuming even more importance in today's FX markets. DCCC safeguards participants against counterparty risks and provides them with centrally-cleared products that are a secure alternative to OTC derivatives products.
DGCX currently lists 11 derivatives products within its Currency portfolio, which includes Indian Rupee/US$ Futures, Mini Indian Rupee/GBP Futures, Mini Indian Rupee/Euro Futures, Euro/US$ Futures, Japanese Yen/ US$ Futures, British Pound/US$ Futures, Canadian Dollar/US$ Futures, Australian Dollar/US$ Futures, Swiss Franc/US$ Futures and Options on Indian Rupee. With the addition of these three contracts, DGCX will further consolidate its position as the largest regulated trading platform for FX in the region.
Source: WAM

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dgcx launches 3 new emerging market currency futures Arab Today, arab today dgcx launches 3 new emerging market currency futures

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dgcx launches 3 new emerging market currency futures Arab Today, arab today dgcx launches 3 new emerging market currency futures

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday