Gold is one of the oldest and well-known products used for investment in the history of human existence. The investments in gold have traditionally been to hedge against inflation. For majority of the diversified investment funds, gold is a must have product in the portfolio.
Copper is a malleable, ductile, metallic element having a characteristic reddish-brown color: used in large quantities as an electrical conductor and in the manufacture of alloys, as brass and bronze. Copper is found as a pure metal in nature, and this was the source of the first metal to be used by humans, ca. 8,000 BC; it was the first metal to be smelted from its ore, ca. 5,000 BC; it was the first metal to be cast into a shape in a mold, ca. 4,000 BC; and it was the first metal to be purposefully alloyed with another metal, tin, to create bronze, ca. 3,500 BC
Copper contract on DGCX platform offers international benchmark pricing contract for investors, speculators, hedgers and arbitragers.
- Trade your views on the International benchmark Copper futures prices
- Arbitrage opportunity with the highly correlated Copper forwards and futures benchmark prices.
- Low cost structure
- USD denominated, Intention matching mechanism for delivery
- Lot size of 5 MT
- Tick size of USD 1 per MT and tick value of USD 5
- Efficient margining for optimal leverage
- 5 contract months (covering approximately a calendar year) available at any given point of time
- Live prices available under marketwatch link on DGCX website
Contract Parameters Contract Symbol DCU Underlying DGCX Copper Futures Contract Size 5 MT Notional Contract Value 5xPrice of Copper in USD/MT Trading Currency USD Settlement Currency USD Price Quote US$ per MT Tick Size US$ 0.50 Tick Value USD 2.50 Settlement Basis Cash Settlement Quality Specs Grade 1 Electrolytic Copper Cathodes (full plate or cut) conforming to the American Society for Testing and Materials (B115-00), or its latest revision Final Cash Settlement Price The front month settlement price for Copper futures as made public by COMEX for the Last Day of Trading of the DGCX front month contract, converted using conversion factor of 2,204.623 to MT and rounded to the nearest DCU tick. Last Day of Trading Third last Business Day preceding the Delivery Month Trading Days Monday through to Friday Trading Hours DGCX Trading Hours Trading Months March, May, July, September, December. Minimum five (5) Contracts shall be listed for trading at all time New Contract Listing Business Day immediately following the Last Day of Trading Max Order Size 200 Contracts Initial Margin based on SPAN USD 750 per lot (subject to change) Calendar Spread Margin 100% benefit is offered on calendar spread margins Daily Price Movement limit No Limits* Note 1*: For the avoidance of ‘fat finger’ errors price band shall be in place. If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period
Product Contract Last trading date Expiry date Tender Start Tender End Delivery Start Delivery End DCU DCU-20170224 24-Feb-2017 24-Feb-2017 27-Feb-2017 27-Feb-2017 27-Feb-2017 27-Feb-2017 DCU DCU-20170426 26-Apr-2017 26-Apr-2017 27-Apr-2017 27-Apr-2017 27-Apr-2017 27-Apr-2017 DCU DCU-20170628 28-Jun-2017 28-Jun-2017 29-Jun-2017 29-Jun-2017 29-Jun-2017 29-Jun-2017 DCU DCU-20170829 29-Aug-2017 29-Aug-2017 30-Aug-2017 30-Aug-2017 30-Aug-2017 30-Aug-2017 DCU DCU-20171128 28-Nov-2017 28-Nov-2017 29-Nov-2017 29-Nov-2017 29-Nov-2017 29-Nov-2017