DGCX Aluminium Futures Contracts

  • DGCX Aluminium Futures Contracts

    Aluminium is the most abundant metallic element in the earth’s crust and is the most widely used Non-Ferrous Metals in the world. The global production of Aluminium in 2016 was 58.8 million metric tons. It exceeded that of any other metal except Iron.

    DGCX Aluminium Futures contract provides a more efficient and transparent way to manage pricing risks than other product structures available for Aluminium supply chain participants. DGCX Aluminium Futures contract also provides financial participants an opportunity to trade in conjunction with similar products to gain spread opportunities arising from various supply and demand scenarios.

    • Tracks and prices one of the most widely consumed Base Metals
    • Traded and Cash settled in US Dollars (USD))
    • Tax Free – No transaction Tax and Zero Capital Gains tax
    • Basis 5 MT contract size, tick size USD $0.5
    • Efficient metals trading and hedging on DGCX through a futures contracts structure
    • Unique trading opportunity in the region to participate in global Aluminium markets
    • Market hours encompassing the largest global liquidity pools
    • Low cost structure with risk adjusted net margin offset on calendar spreads
    • Traded on a globally recognized, regulated and safe platform permitting greater participation
    • EFS, EFP and Block trading is permissible
  • Contract Specifications

    Contract TypeFuture
    Contract Name DGCX Aluminium Contract
    Contract Symbol DAH
    Underlying Primary aluminium of 99.7% purity (minimum)
    Contract Size 5 Metric Tonnes (MT)
    Notional Contract Value 5 x Price
    Trading Currency USD
    Settlement Currency USD
    Price Quote US Dollars per MT
    Tick Size US$ 0.50
    Tick Value US$ 2.50
    Settlement Basis Cash Settled
    Final Cash Settlement Price (FCSP) FCSP is based on reference price publicly available on the Last Trading Day
    Last Trading Day (LTD) Two Business Days prior to the third Wednesday of the expiry month
    Trading Days Exchange Business Days
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months Monthly such that 6 months are available at all times
    Calendar Spread Calendar Spread of M1-M2 and M1-M3 are available at all times
    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 within 15 minutes after execution
    No Cancellation Range See link: www.dgcx.ae/price-limits

  • Contract Calendar

    Contract SymbolContract MonthTrading Start DateLast Trading DateSettlement Date
    DAH-20190415 01 Apr 2019 22 Mar 2019 15 Apr 2019 16 Apr 2019
    DAH-20190513 01 May 2019 22 Mar 2019 13 May 2019 14 May 2019
    DAH-20190617 01 Jun 2019 22 Mar 2019 17 Jun 2019 18 Jun 2019
    DAH-20190715 01 Jul 2019 22 Mar 2019 15 Jul 2019 16 Jul 2019
    DAH-20190819 01 Aug 2019 22 Mar 2019 19 Aug 2019 20 Aug 2019
    DAH-20190916 01 Sep 2019 22 Mar 2019 16 Sep 2019 17 Sep 2019
    DAH-20191014 19 Oct 2019 16 Apr 2019 14 Oct 2019 15 Oct 2019
    DAH-20191118 06 Nov 2019 14 May 2019 18 Nov 2019 19 Nov 2019
    DAH-20191216 19 Dec 2019 18 Jun 2019 16 Dec 2019 17 Dec 2019