Trading software developer MetaQuotes Software and the Dubai Gold and Commodities Exchange (DGCX) have taken their partnership to a new level, as the new single stock futures that DGCX launched in January 2016 are now available to trade via MetaTrader 5 (MT5). The Exchange currently offers 15 single stock futures of five US and ten Indian…
Read moreDubai Commodities Clearing Corporation (DCCC) will implement new margin requirements for a set of 17 Forex, energy and metals contracts and 12 equities futures contracts, effective Wednesday, February 10th. The company will cut the amount of initial margin required for trading: AUD/USD, EUR/USD, INR/GBP, CHF/USD, Copper. The margin required will be raised for Gold (Spot…
Read moreJanuary numbers reflect the increasing use of derivatives to hedge forex volatility particularly in emerging market currencies such as the Indian Rupee and South African Rand. Market participants appreciated the cost effective investment mechanism provided by Indian Rupee Options. Rupee Options volumes grew by 352% in January 2016 vs. January 2015. The Dubai Gold & Commodities…
Read moreThe Dubai Gold & Commodities Exchange (DGCX) today announces that Zee Gold DMCC, a subsidiary of Shirpur Gold Refinery Limited and part of Essel Group, has become a Broker Member of the Exchange. The Shirpur Gold Refinery is India's first and largest gold refinery with an installed refining capacity of 217MT per annum of Gold and…
Read moreThe Dubai Gold & Commodities Exchange (DGCX) is changing initial margin requirements for several currency and metals contracts, with the changes effective Monday, January 11th. The changes will affect the Copper, INR/GBP, USD/KRW, USD/RUB and USD/ZAR contracts. The initial margin will be reduced for the USD/KRW contracts whereas the other contracts will see higher margin…
Read moreDubai Gold & Commodities Exchange (DGCX) has just reported its operating metrics for November 2015, with trading volumes staging a steep rise year on year, fuelled by continued demand for hydrocarbons and Indian Rupee-based products. Overall trading volumes for November 2015 staged a 41% increase from November 2014, offering the Exchange a good piece of…
Read moreThe Dubai Gold & Commodities Exchange (DGCX) on Monday unveiled its plans to add a new type of contracts to its offering. The Exchange said it would introduce physically settled DGCX Spot Gold Contract for trading on the DGCX platform effective from Monday, December 14, 2015. The contract size for the new instruments (with contract…
Read moreThe Dubai Gold and Commodities Exchange (DGCX) on Friday unveiled its plans to add Chinese Yuan Futures to its offering, with the launch scheduled for December 2015, pending regulatory approvals. The contract will be financially settled on the same day as offshore equity index futures, and will hold a value of USD 50,000. It will…
Read moreDubai Gold & Commodities Exchange (DGCX) on Tuesday announced that it is accepting applications for Designated Market Maker Status in a set of contracts, including 18 currency futures contracts. The DMM Scheme will run for a period of 12 months, starting from April 1, 2016 to the close of business on the March 31, 2017.…
Read moreDubai Gold & Commodities Exchange (DGCX) has informed its participants of pending changes to initial margin requirements for a raft of futures contracts, including popular Forex futures contracts and energy contracts. The changes will be effective from November 9, 2015. The size of required margin will be reduced for INR/EUR, JPY/USD, USD/RUB, as well as…
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