CAD – 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 Type Future
    Contract Name Canadian Dollar/US Dollar
    Contract Symbol DCAD
    Underlying Canadian Dollar
    Contract Size CAD 50,000
    Notional Contract Value CAD 50,000
    Trading Currency USD
    Settlement Currency USD
    Price Quote US Dollars quoted in Cents per CAD
    Tick Size US$ 0.0001
    Tick Value US$ 5.00
    Settlement Basis Physically Delivered
    Final Cash Settlement Price (FCSP) FCSP is based on the CAD/USD reference rate displayed by market data vendors on Last Trading Day
    Last Trading Day (LTD) One Business Day prior to the third Wednesday of the expiry month
    Delivery Day Third Wednesday of the expiry month
    Trading Days Exchange Business Days*
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months Quarterly: March, June, September and December
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 200 Lots
    Wholesale Trades Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
    Delivery Margin 5 x initial margin
    No Cancellation Range See link: www.dgcx.ae/price-limits


    * See Exchange By-Laws Part M
  • Expiry MonthExpiry CodeLast Trading DayNotice DayDelivery Day
    Dec'18 DCAD-20181218 18 Dec 2018 18 Dec 2018 19 Dec 2018
    Mar'19 DCAD-20190319 19 Mar 2019 19 Mar 2019 20 Mar 2019
    Jun'19 DCAD-20190618 18 Jun 2019 18 Jun 2019 19 Jun 2019
    Sep'19 DCAD-20190917 17 Sep 2019 17 Sep 2019 18 Sep 2019