Currencies

Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

  • Three month contracts to match with most import export exposures
  • Deliverable products
  • Small contract size suitable for traders and organizations with smaller exposures
  • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
  • One of the only regulated platforms offering major currency futures in the entire GCC region
  • Margins are accepted in UAE Dirhams so you can take exposure using local currency
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.00 AM till 11.55 AM UAE time
  • Overlaps most trading zones including Europe and United States

Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

  • Three month contracts to match with most import export exposures
  • Deliverable products
  • Small contract size suitable for traders and organizations with smaller exposures
  • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
  • One of the only regulated platforms offering major currency futures in the entire GCC region
  • Margins are accepted in UAE Dirhams so you can take exposure using local currency
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.00 AM till 11.55 AM UAE time
  • Overlaps most trading zones including Europe and United States

Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

  • Three month contracts to match with most import export exposures
  • Deliverable products
  • Small contract size suitable for traders and organizations with smaller exposures
  • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
  • One of the only regulated platforms offering major currency futures in the entire GCC region
  • Margins are accepted in UAE Dirhams so you can take exposure using local currency
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.00 AM till 11.55 AM UAE time
  • Overlaps most trading zones including Europe and United States

Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

  • Three month contracts to match with most import export exposures
  • Deliverable products
  • Small contract size suitable for traders and organizations with smaller exposures
  • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
  • One of the only regulated platforms offering major currency futures in the entire GCC region
  • Margins are accepted in UAE Dirhams so you can take exposure using local currency
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.00 AM till 11.55 AM UAE time
  • Overlaps most trading zones including Europe and United States

Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

  • Three month contracts to match with most import export exposures
  • Deliverable products
  • Small contract size suitable for traders and organizations with smaller exposures
  • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
  • One of the only regulated platforms offering major currency futures in the entire GCC region
  • Margins are accepted in UAE Dirhams so you can take exposure using local currency
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.00 AM till 11.55 AM UAE time
  • Overlaps most trading zones including Europe and United States

Indian Rupee- United States Dollar Index futures contract is an extension of the Indian Rupee suite of derivatives. The Index contract is reflecting the USD INR rate of the Indian rupee and has a multiplier of 100 converting the rate into dollars. This allows the participants to capture the Indian Rupee volatility without taking any underlying exposure to the pair.

The contract is easy to understand because the price reflected in the Index is the internationally quoted USDINR convention.The Index nature of the contract causes the both USD and INR leg to be variable, providing extra beta to the contract making it very suitable for traders.

  • Hedging window available long after Indian currency markets close
  • Arbitrage opportunity with the conventional INR-USD contract traded on the index
  • Low size , and impact cost makes it a very good contract for traders
  • Unique trading opportunity for Indians in the region and international funds with exposure to India to manage their risk
  • Contract size is variable and depends on the Indian Rupee movement against the USD, making it better to take advantage on movements in the Indian Rupee
  • Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.30 AM India time till 1.25 AM India time
  • Overlaps most trading zones including Europe and United States

Indian Rupee- United States dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region. India is one of UAE’s largest trade partner and Indian’s consist of over 30% of the total populace of UAE.

Indian economy is one of the fastest growing economies in the world and is ranked third in global GDP on a PPP basis. The Indian Rupee contract has attracted the attention of several global funds and organizations to hedge their Indian Rupee risk offshore in UAE

  • Hedging window available long after Indian currency markets close
  • Arbitrage opportunity with the conventional INR-USD contract traded on the index
  • Low size , and impact cost makes it a very good contract for traders
  • Unique trading opportunity for Indians in the region and international funds with exposure to India to manage their risk
  • Contract size is variable and depends on the Indian Rupee movement against the USD, making it better to take advantage on movements in the Indian Rupee
  • Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.30 AM India time till 1.25 AM India time
  • Overlaps most trading zones including Europe and United States

Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

  • Three month contracts to match with most import export exposures
  • Deliverable products
  • Small contract size suitable for traders and organizations with smaller exposures
  • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
  • One of the only regulated platforms offering major currency futures in the entire GCC region
  • Margins are accepted in UAE Dirhams so you can take exposure using local currency
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.00 AM till 11.55 AM UAE time
  • Overlaps most trading zones including Europe and United States

Dubai is known as the city of gold. Some of the traditional issues for the Gold market here in Dubai are price discovery and basis risk management. The introduction of a spot gold contract on DGCX will create significant value to the physical market participants, enabling them to manage their risk appetite and facilitate a combination of strategies that can be deployed on both futures and spot platform to provide the desired yield.

One of the key benefits the DGCX Spot Gold Contract provides for the bullion trading industry is facilitating netting benefits on a single platform. Participants across the spectrum have better counterparty risk management tools and this provides a platform to gold investors to derive another revenue stream for their investments. Once launched and established, the DGCX spot Gold contract will attract participants from overseas and locally due to availability of a regionally relevant price benchmark.

  • Contract size of 32 troy ounces in line with industry standards.
  • USD denominated, regulated Gold spot contract on an established platform
  • Tick size of USD 0.10 per Troy Ounce
  • Option to take delivery or roll-over to the next day
  • Robust risk management controls including delivery limits and Span based margining
  • Participate in gold trade in one of the largest bullion trading hubs in the world
  • Transparent price discovery in gold in Dubai
  • Take out the basis risk from gold trading in Dubai
  • Accept reputable gold brands for delivery
  • Available on robust trading and clearing platform subscribing to global best practices and standards
  • Physical traders get automatically netted off against their physical exposure on DGCX

Indian Rupee- Euro futures (INR-EUR) contract is an extension of the Indian Rupee suite of derivatives. The Index contract reflects the Euro rate as a cross with the Indian Rupee. The contract helps participants to trade the correlation between the Euro and the Indian Rupee.

It helps to capture the volatility of the Euro to specific events effecting the Euro. The contract is also covers the need of a large plethora of organizations and funds which have a Euro versus Indian Rupee exposure.

  • Hedging window available long after Indian currency markets close
  • Arbitrage opportunity with the INR-EUR contract traded onshore in both over the counter and onshore exchanges
  • Mini size two hundred thousand Indian Rupees ensures that smaller exposures can be hedged
  • Unique trading opportunity for organizations with exposure to Euro and Indian Rupee
  • Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.30 AM India time till 1.25 AM India time
  • Overlaps most trading zones including Europe and United States

Indian Rupee – Pound Sterling futures (INR-GBP) contract is an extension of the Indian Rupee suite of derivatives. The Index contract reflects the Pound Sterling rate as a cross with the Indian Rupee. The contract helps participants to trade the correlation between the Pound Sterling and the Indian Rupee.

It helps to capture the volatility of the Pound Sterling to specific events effecting the Pound Sterling .The contract is also covers the need of a large plethora of organizations and funds which have a Pound Sterling versus Indian Rupee exposure.

  • Hedging window available long after Indian currency markets close
  • Arbitrage opportunity with the INR-GBP contract traded onshore in both over the counter and onshore exchanges
  • Mini size two hundred thousand Indian Rupees ensures that smaller exposures can be hedged
  • Unique trading opportunity for organizations with exposure to Pound Sterling and Indian Rupee
  • Cash settled in USD on the Indian Central Bank reference rate eliminating any basis risk
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Market hours from 7.30 AM India time till 1.25 AM India time
  • Overlaps most trading zones including Europe and United States

Chinese Yuan- United States (USD-CNH) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies. The USD-CNH contract is relevant to the region as China is one of the largest trade partner of UAE. China is the second largest economy in the world and the largest economy by PPP standards.

The CNH was recently recognized by IMF as a reserve currency and is now a prominent member of the big three currencies. The CNH contract was launched in UAE in partnership with one of China’s leading bank who provide participants with access to liquidity.

  • Quotes till midnight China time
  • Market Making by China’s leading bank
  • Small contract size $50,000 suitable for traders and organizations with smaller exposures
  • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
  • One of the only regulated platforms offering USD-CNH Futures in GCC
  • UAE and Bahrain have both become regional hubs for clearing CNH trades
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Overlaps most trading zones including Europe and United States hence any news effecting the CNH markets lies within the time zone

South Korean Won – United States (USD-KRW) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies.

The USD-KRW contract is relevant to the region as Korea is one of the large trade partners of UAE. South Korea is also one of the most industrialized nations in Asia and the prominent player in the Global Economy.

  • USD-KRW is accessible from 7.00 AM- 11.55 PM UAE time
  • Small contract size $50,000 suitable for traders and organizations with smaller exposures
  • One of the only regulated platforms offering USD-KRW Futures in GCC
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Overlaps most trading zones including Europe and United States hence any news effecting the KRW markets lies within the time zone
  • Ideal location for corporate organizations with exposure to hedge KRW as KRW usually quotes only in Asian hours
  • Possible arbitrage opportunities with the large over the counter market for KRW in Asia

Russian Ruble – United States (USD-RUB) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies.

The USD-RUB contract is relevant to the region as Russia is one of the largest trade partner of UAE, and lot of investment in UAE come from Russia and CIS. Many Russian companies have large presence in UAE.

  • USD-RUB is accessible from 7.00 AM- 11.55 PM UAE time
  • Deliverable products
  • Small contract size $50,000 suitable for traders and organizations with smaller exposures
  • One of the only regulated platforms offering USD-RUB Futures in GCC
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Overlaps most trading zones including Europe and United States hence any news effecting the RUB markets lies within the time zone
  • Ideal location for corporate organizations with exposure to hedge RUB as onshore RUB liquidity availability is difficult

South African Rand – United States (USD-ZAR) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies.

The USD-ZAR contract is relevant to the region as South Africa is one of the largest trade partner of UAE especially for the Diamond and Gold trade in the UAE. Many South African mining companies have large presence in UAE.

  • USD-ZAR is accessible from 7.00 AM- 11.55 PM UAE time
  • Small contract size $50,000 suitable for traders and organizations with smaller exposures
  • One of the only regulated platforms offering USD-ZAR Futures in GCC
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Overlaps most trading zones including Europe and United States hence any news effecting the ZAR markets lies within the time zone
  • Ideal location for corporate organizations with exposure to hedge ZAR as onshore ZAR liquidity availability is difficult