In July DGCX To Launch First FX Rolling Futures Contracts

The Dubai Gold as well as Commodities Exchange (DGCX) today confirmed the launch date of its three FX Rolling Futures contracts-- Euro (EUR), Pound Sterling (GBP) and also Australian Dollar (AUD) against the US Dollar (USD). The contracts will go reside on Monday 6 July, 2020, and also will certainly expand its suite of currency items that consist of G6 and Indian Rupee contracts, with the latter being the world's largest pool of offshore exchange-traded Indian Rupee liquidity.

The new FX Rolling Futures contracts are perpetual contracts that are automatically rolled over at the close of the trading day if an employment opportunity still exists. The brand-new, dynamic contracts will equip market participants with tools to manage their price risk as well as exposure to foreign currencies, and also offer investors greater accessibility to international currency markets with clear as well as transparent regulations.

Les Male, CEO of DGCX, claimed: "We are excited to expand our currency portfolio with the imminent launch of these innovative FX Rolling Futures agreements. These currencies are the most liquid and heavily traded on international markets, as well as are being noted on the DGCX at specifically the correct time-- in the middle of ongoing currency volatility-- in response to what our market participants have actually requested for. Not just do the contracts supply investors greater accessibility to international currency markets with clear, understandable regulations, however the perpetual open nature of them will certainly additionally offer them with unique opportunities to much more efficiently hedge their risk exposure."

The brand-new FX Rolling Futures contracts will be priced in USD, and denominated in amounts of 10,000 of the non-USD currency. Block trading will be permissible in the contracts.

"The contracts are suitable for all traders, however will use especially great worth to institutional investors, providing protection against swings in foreign exchange rates, especially throughout this duration of heightened volatility. In the coming months, we intend on expanding our worth proposition additionally with the launch of more FX Rolling Futures contracts to deal with the needs of our members," Male included.

All sell the brand-new contracts will be cleared by the DGCX's wholly-owned and controlled clearing home, the Dubai Commodities Clearing Corporation (DCCC). DCCC is controlled and licensed by the Securities & Commodities Authority (SCA) as a Central Clearing Counterparty (CCP), and is likewise recognised by the European Securities and Markets Authority (ESMA), the regulatory body for the EU.

The DGCX remains to give investors with a large range of derivative products that permit them to handle their risk efficiently. In recent months, there has actually been a surge in trading of the Exchange's G6 currency portfolio, which has actually currently recorded excellent year-to-date quantity growth of 458.54%, compared to the very same period in 2015.