Dubai Gold & Commodities Exchange (DGCX) today announces that its year-to-date (YTD) trading volume topped 6 million contracts in April 2016, marking a rise of 45% over the same period last year whilst maintaining a steady Average Daily Open Interest of 109,487 contracts. The increase in overall volumes was mainly driven by DGCX’s currency segment,…
Read moreThe Dubai Commodities Clearing Corporation (DCCC), the central counter-party (CCP) for the Dubai Gold & Commodities Exchange (DGCX), has just announced expansion of its Collateral Basket. Clearing members gain the ability to deposit cash collateral to the Corporation in the form of Euro, UK Pound and Japanese Yen, in addition to UAE Dirhams and U.S.…
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 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 moreUK FCA regulated FX broker ICM Capital Limited has made an important step towards expansion in the Middle East Forex market. The company has announced an UAE partnership with Mohammad and Abdulla Habib Al Mulla. The new ICM Capital office was legally structured by Baker and McKenzie Habib Al Mulla. The office address is Building 3,…
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…
Read moreMenacorp customers can now trade instruments available on the Dubai Gold and Commodities Exchange via MT5.
Read more