AUD – USD Futures

  • Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

    These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

    • Three month contracts to match with most import export exposures
    • Deliverable products
    • Small contract size suitable for traders and organizations with smaller exposures
    • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
    • One of the only regulated platforms offering major currency futures in the entire GCC region
    • Margins are accepted in UAE Dirhams so you can take exposure using local currency
    • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
    • Market hours from 7.00 AM till 11.55 AM UAE time
    • Overlaps most trading zones including Europe and United States
  • ContractParameters
    Contract Symbol DAUD
    Underlying Australian Dollar ( AUD)
    Contract Size AUD 50,000
    Notional Contract Value AUD 50,000
    Trading Currency US Dollars (USD)
    Settlement Currency US Dollars (USD)
    Price Quote US$ quoted in Cents per AUD
    Tick Size US$ 0.0001 per AUD or US$ 5 per tick
    Tick Value US$ 5
    Settlement Basis Cash
    Settlement Physically Deliverable
    Last Day of Trading Two Business days before third Wednesday of expiry month
    Trading Days Monday through to Friday
    Trading Hours 07:00 - 23:55 Hours Dubai time (GMT+4)
    Trading Months Mar, Jun, Sep and Dec
    New Contract Listing Business day immediately folloing the last trading day
    Max Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
    Daily Price Movement Limit No Price Limits - Note 1*
    Initial Margin based on SPAN Click on the "Initial Margin" TAB
    Calendar Spread Margin 100% benefits is offered on calendar spread positions
    Delivery Period Margin Five times the Initial Margin
    Note 1*: For the avoidance of "fat finger" errors, price band shall be 1.5 US Cents from previous settlement price If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period

  • ProductContract IdentifierLast Trading DateExpiry DateTender Start DateTender End DateDelivery Start DateDelivery End Date
    DAUD DAUD-20180319 19-Mar-2018 19-Mar-2018 19-Mar-2018 19-Mar-2018 21-Mar-2018 21-Mar-2018
    DAUD DAUD-20180618 18-Jun-2018 18-Jun-2018 18-Jun-2018 18-Jun-2018 20-Jun-2018 20-Jun-2018
    DAUD DAUD-20180917 17-Sep-2018 17-Sep-2018 17-Sep-2018 17-Sep-2018 19-Sep-2018 19-Sep-2018
    DAUD DAUD-20181217 17-Dec-2018 17-Dec-2018 17-Dec-2018 17-Dec-2018 19-Dec-2018 19-Dec-2018

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