Microsoft SSF

  • DGCX Single Stock Futures (SSF) is the first International equity futures product in the Middle East. It provides a proxy to the price performance of global blue chip shares. Participants can replicate their trading and investment strategies using contracts that are traded on the DGCX platform and settled in cash.

    DGCX SSF caters to the need of speculators and investors seeking offshore exposure to blue chips stocks. These include institutional and private investors, investment funds, Hedge Funds seeking opportunities to trade and gain exposure to the price movements of international equities. Participants can go long (Buy SSF) or go short (Sell SSF) to trade a view or hedge an underlying investment position.

    SSF Contract Features:
    • Trade Global Stocks via DGCX Platform
    • Harmonised Contract Specifications
    • No foreign exchange risk on the underlying equity
    • US $ denominated; Cash Settled
    • Retail sized stock futures for ease of trade
    • Competitive transaction costs, optimal leverage
    • No Transaction Tax and Zero Capital Gains tax
    • Keep your money locally while you trade international stocks
    SSF Contract Uses:
    • Trade the volatility of Global Stocks
    • Turn your stock market views into profits
    • Go short (sell) and profit from a downward price movement
    • Replicate Pair trade strategies using highly correlated SSF
    • Trade Calendar spreads at zero margins
  • ContractParameters
    Symbol DMSFT
    Underlying MICROSOFT INC. US EQUITY
    Contract Size 100
    Notional Contract Value (Price * Contract Size) in USD
    Trading Currency USD
    Settlement Currency USD
    Price Quote Underlying price expressed in USD (example: Bid: 56.01 / Ask 56.05)
    Tick Size 0.01
    Tick Value USD 1
    Settlement Basis CASH
    Final Cash Settlement Price Based on the market closing price of the Underlying on the Last Day of Trading in the home market (source: public domain)
    Last Day of Trading Third Friday of the Calendar Month
    Trading Days Monday through Friday
    Trading Hours 07:00 - 23:55 Hours Dubai time (GMT+4)
    Trading Months First two (2) serial months and 1 calendar spread
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 1,000 lots
    Initial Margin based on SPAN (Based on SPAN, subject to change from time to time)
    Calendar Spread Margin 100% benefit is offered on calendar spread positions
    Daily Price Movement limit No Limit, Note 1*
    Note 1*: For the avoidance of ‘fat finger’ errors price band shall be 5% from previous settlement price e.g. if previous settlement price is USD 56.00, the price band is USD 2.80 i.e. from (USD 53.20 to USD 58.80). Exchange shall relax the intra-day price range for the prices of the contract approaching the 5% limit
    Note 2**: Incase of specific Corporate Action the Exchange may affect an early Cash Only Settlement of all existing Contracts on the relevant SSF on the last Cum-Date in relation to the Corporate Action as provided in DGCX By-Laws R.3.1


  • ProductContractLast trading dateExpiry dateTender start dateTender end dateDelivery start dateDelivery end date
    DMSFT DMSFT-20170120 20-Jan-2017 23-Jan-2017 23-Jan-2017 23-Jan-2017 23-Jan-2017 23-Jan-2017
    DMSFT DMSFT-20170217 17-Feb-2017 20-Feb-2017 20-Feb-2017 20-Feb-2017 20-Feb-2017 20-Feb-2017
    DMSFT DMSFT-20170317 17-Mar-2017 20-Mar-2017 20-Mar-2017 20-Mar-2017 20-Mar-2017 20-Mar-2017
    DMSFT DMSFT-20170421 21-Apr-2017 25-Apr-2017 25-Apr-2017 25-Apr-2017 25-Apr-2017 25-Apr-2017
    DMSFT DMSFT-20170519 19-May-2017 22-May-2017 22-May-2017 22-May-2017 22-May-2017 22-May-2017
    DMSFT DMSFT-20170616 16-Jun-2017 19-Jun-2017 19-Jun-2017 19-Jun-2017 19-Jun-2017 19-Jun-2017
    DMSFT DMSFT-20170721 21-Jul-2017 24-Jul-2017 24-Jul-2017 24-Jul-2017 24-Jul-2017 24-Jul-2017
    DMSFT DMSFT-20170818 18-Aug-2017 21-Aug-2017 21-Aug-2017 21-Aug-2017 21-Aug-2017 21-Aug-2017
    DMSFT DMSFT-20170915 15-Sep-2017 18-Sep-2017 18-Sep-2017 18-Sep-2017 18-Sep-2017 18-Sep-2017
    DMSFT DMSFT-20171020 20-Oct-2017 23-Oct-2017 23-Oct-2017 23-Oct-2017 23-Oct-2017 23-Oct-2017
    DMSFT DMSFT-20171117 17-Nov-2017 20-Nov-2017 20-Nov-2017 20-Nov-2017 20-Nov-2017 20-Nov-2017
    DMSFT DMSFT-20171215 15-Dec-2017 18-Dec-2017 18-Dec-2017 18-Dec-2017 18-Dec-2017 18-Dec-2017