Products
Gold Futures Contract Specification
| Symbol |
DG |
| Contract Size |
32 troy ounces. (1 kg) |
| Quality Specification |
0.995 purity, as per Dubai Good Delivery Standard |
| Trading Months |
Feb, Apr, Jun, Aug, Oct and Dec |
| Last Trading Day |
Business Day immediately preceding sixth Delivery Day |
| New Contract Listing |
Business day immediately following last trading day |
| Price Quote |
US$ per troy ounce |
| Tick Size |
US$ 0.10 (US $ 3.2 per contract) |
| Price Movement Limit |
US$ 30 - Note 1* |
| Max Order Size |
200 contracts |
| Trading Days |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Wholesale Trades |
EFS, EFP, Block trade facilities available |
Note 1*: If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period
| Initial Margin based on SPAN |
US$ 1,200 per contract ( Subject to change) |
| Calendar Spread Position Margin |
Depending upon each class of asset, spread position margin (Calendar spread margin) is charged using the SPAN framework. In case of Gold, 100% benefit is offered on calendar spread margins. |
| Extra Margin |
In time of high volatility, an extra margin as deemed fit by the Exchange may be imposed on all open positions |
| Delivery Period Margin |
US$ 6,000 per contract is applicable during the last six trading days for all open long or short positions that have not been liquidated |
| Delivery Unit |
1 Kg (31.99 troy ounces) |
| Deliverable Weight |
1 Kilogram cast in one bar |
| Deliverable Quality |
0.995 fineness |
| Approved CMI / Assayers |
Names as listed on the DGCX website |
| Approved Refiners |
Names as listed on the DGCX website |
| Approved Vaults |
Names as listed on the DGCX website |
| Delivery Period |
First through to sixth delivery day of the delivery month |
| First Notice Day |
Business Day immediately preceding First Delivery Day |
| Last Notice Day |
Business Day immediately preceding Sixth Delivery Day |
| Delivery Process |
Compulsory Delivery as allocated by the Exchange on a random basis |
| Vault charges |
Rates applicable as published on the DGCX website |
| Delivery Instrument |
Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only) |
Options on Gold Futures Contract Specification
| Trading Symbol |
DGO |
| Contract Size |
One DGCX Gold Futures contract |
| Price Quotation |
US Dollars and cents per fine ounce |
| Tick Size |
US$ 0.10 per troy ounce |
| Maximum Daily Price Fluctuation |
No Daily Limit |
| Delivery Months |
The nearest three contract months (February, April, June, August, October and December) are available at all times
The options are American-style and can be exercised at any time up to expiration. On the first day of trading for any options contract month, there will be a minimum of 7 strike prices each for puts and calls |
| Last Trading Day |
Last trading day for gold futures options are the tenth business day prior to the start of tender period of the underlying Gold futures contract
If the last trading day falls on a Friday or an Exchange holiday, last trading day occurs on the previous business day |
| New Contract Listing |
Business day immediately following the last trading day |
| Exercise of Options |
On the last trading day, all in-the-money options are exercised automatically against Settlement Price, however, should a member choose not to exercise an in-the-money option, the member is required to notify the Exchange latest by 23:45 hrs (15 minutes after trading ceases)
All out-of-the-money options automatically expire worthless and they can not be exercised |
| Strike Prices |
For each option contract, the strike prices are at increments of US$10.00 |
| Position Limit |
Initially, same as specified for Gold Futures contract |
| Margin Requirement |
Buyer pays full premium, while the seller is margined on the SPAN basis |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Trading Days |
Monday through to Friday |
- For traded contracts, The Exchange shall determine the Option Settlement Premium based on following order:
- Value Weighted Average Price (VWAP) of trades executed in last 10 minutes for the trading day provided there were at least 15 trades executed during the last 10 minutes
- VWAP of last 15 trades executed during the day provided 15 trades are executed
- The Options Settlement Premium as declared by a Price Committee consisting of Exchange / Clearing Corporation officials
- For contracts not traded on a given trading day, Options Settlement Premium will be determined based on theoretical prices
Silver Futures Contract Specification
| Trading Symbol |
DS |
| Contract Size |
1,000 troy ounces. |
| Quality Specification |
Min 0.999 purity, as per Dubai Good Delivery Standard |
| Trading Months |
Mar, Jul, Sep and Dec |
| Last Trading Day |
Fifth Delivery Day of the Delivery Month |
| New Contract Listing |
Business Day immediately following Last Trading Day of Expiring Contract |
| Price Quote |
US$ quoted in Cents per troy ounce |
| Tick Size |
US$ 0.5 (US $5 per contract) |
| Price Movement Limit |
US$ quoted in Cents - 75 Cents - Note 1* |
| Max Open Position Limit |
As determined and specified by the Exchange |
| Max Order Size |
200 contracts |
| Trading Days |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Trading Hours |
M/F 08:30 - 23:30 Hrs |
| Wholesale Trades |
EFS, EFP, Block trade facilities available |
Note 1*: If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period
| Initial Margin based on SPAN |
US$ 1,000 per contract (subject to change) |
| Calendar Spread Position Margin |
Depending upon each class of asset, spread position margin (Calendar spread margin) is charged using SPAN framework. In case of Silver, 100% benefit is offered on calendar spread position |
| Extra Margin |
In case of additional volatility, an Extra Margin as deemed fit by the Exchange; may be imposed on all open positions |
| Delivery Period Margin |
US$ 5,000 per contract is applicable during the last six trading days for all open long or short positions that have not been liquidated |
| Delivery Unit |
30 Kg |
| Deliverable Weight |
30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less) |
| Deliverable Quality |
Minimum 0.999 fineness - Note 2* |
| Approved CMI / Assayers |
Names as listed on the DGCX website |
| Approved Refiners |
Names as listed on the DGCX website |
| Approved Vaults |
Names as listed on the DGCX website |
| Delivery Period |
First through Fifth Delivery Day of the Delivery Month |
| First Notice Day |
Business Day immediately preceding First Delivery Day |
| Last Notice Day |
Business Day immediately preceding Fifth Delivery Day |
| Delivery Process |
Compulsory Delivery as allocated by the Exchange on a random basis |
| Vault charges |
Rates applicable as published on the DGCX website |
| Delivery Instrument |
Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only) |
| Option for Cash Settlement |
Open Positions that have not been closed out on the Last Day of Trading are subject to cash settlement as per Silver cash settlement rice declared by the Exchange |
| Silver Cash Settlement Price |
Silver Cash Settlement Price shall be the London Silver Fixing Price (expressed in US Dollars per troy ounce) of The London Silver Market Fixing Limited published by The London Bullion Market Association (LBMA) on the Last Day of Trading |
Note 2*: If Silver of higher fineness is delivered, no premium shall be paid.
Indian Rupee-Dollar FX Futures Contract Specification
| Symbol |
DINR |
| Contract Size |
INR 2,000,000 |
| Delivery Months |
Monthly contracts for twelve months forward |
| Last Trading Day |
Two Business Days prior to the last working day of the contract month |
| Settlement Day |
The Business Day immediately following the last day of expiring contract |
| New Contract Listing |
Business day immediately following the last trading day |
| Price Quote |
US$ quoted in Cents per 100 Indian Rupees ( e.g. 209.56 /209.62 US Cents per 100 Indian Rupees) |
| Tick Size |
US$ 0.000001 per INR or $ 2 per tick |
| Trading Days |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Maximum Order Size |
500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots |
| Price Limit |
No Price Limits - Note 1* |
| Wholesale Trades |
EFS, EFP, Block trade facilities available |
| Cash Settlement Price Basis |
Open Positions at expiry of contract shall be settled in US Dollars as per the Dialy Settlement Price (DSP) declared by the Exchange.
The DSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date |
|
Initial Margin based on SPAN |
US $ 600 per contract (subject to change) |
|
Calendar Spread Margin |
100% benefits is offered on calendar spread positions |
|
Spread Position Margin |
Nil on matched positions |
|
Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged |
|
Delivery Period Margin |
Not applicable |
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Euro-Dollar FX Futures Contract specification
| Symbol |
DEUR |
| Contract Size |
€ 50,000 |
| Trading Months |
Mar, Jun, Sep and Dec |
| Last Trading Day |
2 Business days before 3rd Wednesday of Expiry month |
| Settlement Day |
3rd Wednesday of Expiry Month |
| New Contract Listing |
Business day immediately folloing the last trading day |
| Price Quote |
US$ quoted in Cents per € |
| Tick Size |
US$ 0.0001 per € or $ 5 per tick |
| Trading Days |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Maximum Order Size |
500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots |
| Price Limit |
No Price Limits - Note 1* |
| Wholesale Trades |
EFS, EFP, Block trade facilities available |
|
Initial Margin based on SPAN |
US $ 1,200 per contract (subject to change) |
|
Calendar Spread Margin |
100% benefits is offered on calendar spread positions |
|
Spread Position Margin |
Nil on matched positions |
|
Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged |
|
Delivery Period Margin |
Five times the initial Margin |
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Sterling - Dollar Futures Contract Specification
| Symbol |
DGBP |
| Contract Size |
£ 50,000 |
| Trading Months |
Mar, Jun, Sep and Dec |
| Last Trading Day |
Two Business days before third Wednesday of expiry month |
| Settlement Day |
Third Wednesday of expiry month |
| New Contract Listing |
Business day immediately folloing the last trading day |
| Price Quote |
US$ quoted in Cents per £ |
| Tick Size |
US$ 0.0001 per £ or $ 5 per tick |
| Trading Days |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Maximum Order Size |
500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots |
| Price Limit |
No Price Limits - Note 1* |
|
Wholesale Trades |
EFS, EFP, Block trade facilities available |
|
Initial Margin based on SPAN |
US $ 1,500 per contract (subject to change) |
|
Calendar Spread Margin |
100% benefits is offered on calendar spread positions |
|
Spread Position Margin |
Nil on matched positions |
|
Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged |
|
Delivery Period Margin |
Five times the initial Margin |
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Japanese Yen-Dollar FX Futures Contract Specification
| Symbol |
DJPY |
| Contract Size |
¥ 5,000,000 |
| Trading Months |
Mar, Jun, Sep and Dec |
| Last Trading Day |
Two Business days before third Wednesday of expiry month |
| Settlement Day |
Third Wednesday of Expiry Month |
| New Contract Listing |
Business day immediately folloing the last trading day |
| Price Quote |
US$ quoted in Cents per 100 ¥ |
| Tick Size |
US$ 0.000001 per ¥ or $ 5 per tick |
| Trading Days |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Maximum Order Size |
500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots |
| Price Limit |
No Price Limits - Note 1* |
|
Wholesale Trades |
EFS, EFP, Block trade facilities available |
|
Initial Margin based on SPAN |
US $ 1,100 per contract (subject to change) |
|
Calendar Spread Margin |
100% benefits is offered on calendar spread positions |
|
Spread Position Margin |
Nil on matched positions |
|
Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged |
|
Delivery Period Margin |
Five times the initial Margin |
Note 1*: - There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than 1.5 US cents as compared to the previous day's settlement price. Exchange shall relax the intra-day price range for the prices of the contract approaching the 1.5 US cents limit.
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Fujairah Fuel Oil Futures Contract Specification
| Symbol |
DFO |
| Contract Size |
100 Tonnes |
| Quality Specification |
High Sulphur Fuel Oil 380CST (4.5% Sulphur) |
| Trading Months |
Six consecutive months |
| Last Trading Day |
Last business day of the month preceding the delivery month |
| New Contract Listing |
Business day immediately following the last trading day |
| Price Quote |
US$ per Tonnes, Ex-Wharf Fujairah |
| Tick Size |
US$ 0.01 per Tonnes (US$ 1 per contract) |
| Daily Price Limit |
$25 per Tonne |
| Maximum Open Position Limit |
As specified by the Exchange |
| Maximum Open Position Limit for Near Month Contract |
20,000 Metric Tonnes applicable during the last four trading days of the Contract Month |
| Trading Days |
Monday through to Friday |
| Trading Hours |
08:30 - 17:30 Hours Dubai time (GMT+4) (except on the last trading day of every month where 08:30 - 17:00 hrs) |
| Trading Hours on Last Trading Day of every month |
08:30 - 17:00 hrs (applicable to all contract months) |
| Wholesale Trades |
EFS, EFP, Block trade facilities available |
| Initial Margin |
US$ 1,500 per contract (subject to change) |
| Near Month Contract Margin |
As determined by the Exchange and applicable during the last 10 trading days across all open positions. Minimum Near Month Contract Margin shall be US$ 7500 |
| Calendar Spread Margin |
US$ 240 benefit is offered on calendar spread positions. |
| Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged. |
| Delivery Period Margin |
Five times the initial margin |
| Delivery Unit |
100 Tonnes |
| Delivery Tolerance |
+/-5 percent of the contract delivery unit |
| Deliverable Quality |
High Sulphur Fuel Oil 380CST (4.5% Sulphur) |
| Delivery location |
Exchange-approved facilities in Fujairah |
| Approved CMI / Assayers |
Names as listed on the DGCX website |
| Approved Storage facilities |
VOPAK HORIZON, FRCL, DMCC-leased tanks |
| Provisional Settlement Value |
The amount invoiced to the buyer prior to the determination of the actual weight delivered, and based on an assumed weight of 100 Tonnes |
| Settlement Value |
The amount paid to the Seller based upon the actual delivered weight. The difference between the provisional settlement value and settlement value is reimbursed or collected to or from the buyer as the case may be on the business day following the delivery day |
| Loading Day |
The day on which Buyer initiates loading of product into his nominated vessel or tank |
| Delivery Day |
The day on which transfer of title to the product from the Seller to the Buyer completes |
| Delivery Period |
Seller: Shall have the product ready for delivery (that is, in deliverable position) not later than 12th business day of the delivery month
Buyer: acceptance of delivery must be subsequent to the Seller having the product ready for delivery.
Buyer shall nominate a delivery period of three calendar days that commences no earlier than the fifth business day of the delivery month and finishes no later than the earlier of (i) 14 calendar days after product placement by the Seller, and (ii) the third last business day of the delivery month. |
| Notice Day |
Last Trading Day |
| Delivery Allocation Day |
Last Trading Day |
| Title Transfer |
By In-Tank Transfer (ITT) in DMCC-leased tanks, and Inter-Tank Transfer or Ex-Wharf in case of other Exchange-approved tanks |
| Minimum number of contracts for Ex-Wharf delivery |
30 contracts (3000 Tonnes) |
Price bands: Daily Price ranges are fixed on the futures contracts in fuel oil (US$ 25). Previous day settlement prices of a contract are used as a base price for the day. However, if price breaches the daily price movement limit, trading in a particular contract is continued but, within the current daily range for next 15 minutes. Thereafter the new trading range becomes applicable. However, if the price movement limit is breached during the first or last 30 minutes of trading on any business day, the new range is applied immediately. The price band in case of currency futures and Gold Options is unlimited.
WTI Light Sweet Crude Oil Futures Contract Specification
| Symbol |
DWTI |
| Underlying Asset |
DGCX West Texas Intermediate Light Sweet Crude Oil Futures |
| Contract Size |
1,000 barrels (42,000 gallons) |
|
| Price Quote |
US Dollars and Cents per barrel |
| Tick Size |
US$ 0.01 per barrel (US$ 10 per tick) |
| Daily Price Movement Limit |
No Limit - Note 1* |
|
|
| Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit |
| Price Basis |
Cash Only Settlement Contract |
| Final Cash Settlement Price |
The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of Trading of the DGCX front month contract |
| Delivery Months |
Twelve consecutive months plus ten contract months consisting of June and December months will be listed for an additional five calendar years |
| Trading Day |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Last Day of Trading |
Last Day of Trading shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of Trading shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day
of Trading |
| Cash Settlement Day |
The Business Day folloing the last day of trading |
| New Contract Listing |
Business day immediately following the last trading day |
| EFP / EFS / Block Trades |
As per DGCX By-Laws. Minimum Blcok size permitted is 200 contracts. |
Time Limit for EFP / EFS /
Block Trade Registration |
Up to 15 minutes after cessation of trading on any trading day |
| Max Open Position Limit |
No Limits |
| Max Order Size |
500 Contracts |
| Initial Margin |
US$ 4,000 per contract (subject to change) |
| Calendar Spread Margin |
100% benefit is offered on calendar spread positions. |
| Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged. |
Brent Crude Oil Futures Contract Specification
| Symbol |
DBRC |
| Underlying Asset |
DGCX Brent Crude Oil Futures |
| Contract Size |
1,000 barrels (42,000 gallons) |
| Price Quote |
US Dollars and Cents per barrel |
| Minimum Tick Size |
US$ 0.01 per barrel (US$ 10 per tick) |
| Daily Price Movement Limit |
No Limit - Note 1* |
|
|
| Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit. |
| Price Basis |
Cash Only Settlement Contract |
| Final Cash Settlement Price |
The front month settlement price for Brent Crude Oil futures as made public by ICE for the last day of trading of the DGCX front month contract |
| Delivery Months |
12 consecutive months plus 10 contract months consisting of June and December months will be listed for an additional five calendar years |
| Trading Day |
Monday through to Friday |
| Trading Hours |
08:30 - 23:30 Hours Dubai time (GMT+4) |
| Last Day of Trading |
Last Day of Trading shall be the second UK business day immediately preceding the 15th day prior to the first day of the Delivery Month; if such 15th day is a banking day in London. If the 15th day is a non-banking day in London (including Saturday), trading shall cease on the second UK business day immediately preceding the first UK business day that precedes the 15th day. If the second UK business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of Trading |
| Cash Settlement Day |
The Business Day folloing the last day of trading |
| New Contract Listing |
Business day immediately following the last trading day |
| EFP / EFS / Block Trades |
As per DGCX By-Laws. Minimum Block size permitted is 200 contracts |
Time Limit for EFP / EFS /
Block Trade Registration |
Up to 15 minutes after cessation of trading on any trading day |
| Max Open Position Limit |
No Limits |
| Max Order Size |
500 Contracts |
| Initial Margins |
US$ 4,000 per contract (subject to change) |
| Calendar Spread Margin |
100% benefit is offered on calendar spread positions. |
| Extra Margin |
At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged. |