DGCX US Single Stock Futures

  • DGCX Single Stock Futures (SSF) are the first International Equity Futures product in the Middle East. They provide a proxy to the price performance of US blue chip equities. Participants can replicate their trading and investment strategies using contracts that are traded on the DGCX platform which are cash settled. DGCX SSF caters to the need of speculators and investors seeking offshore exposure to US equities without foreign exchange risk. These include institutional and private investors, investment funds and Hedge Funds seeking opportunities to trade and gain exposure to the price movements of US equities. Participants can buy or sell futures to trade their view or hedge an underlying investment position.
    • Trade blue chip US stocks on the DGCX platform
    • Quoted and Cash settled in US Dollars (USD)
    • Tax Free – Zero Transaction Tax, Capital Gains Tax or conversion cost
    • Retail sized stocks for ease of trade with optimal leverage
    • Access US Equity markets with clear, understandable regulations and low-cost structure
    • Unique trading opportunity to participate in US Equity markets without any Foreign Exchange Risk
    • Opportunity to trade prior to US Market hours attracting additional global liquidity pools
    • Margin funding is held locally in the UAE while trading the US Markets
    • Traded on a globally recognized, regulated and safe platform permitting greater participation and transparency
  • Contract GroupContract NameContract SymbolContract SizeTick SizeTick Value
    1 Alphabet INC DGOOGL 5 0.2 1
    2 Apple INC DAAPL 50 0.02 1
    2 Facebook INC DFB 50 0.02 1
    3 JP Morgan INC DJPM 100 0.01 1
    3 Microsoft INC DMSFT 100 0.01 1


    ContractParameters
    Contract Type Future
    Contract Name Single Stock Futures (SSFs)
    Contract Symbol See attached for individual SSF symbols
    Underlying Relevant equity listing
    Contract Size Group 1: 5 shares; Group 2: 50 shares; and Group 3: 100 shares
    Notional Contract Value Relevant number of shares x price
    Trading Currency USD
    Settlement Currency USD
    Price Quote US Dollars
    Tick Size Group 1: 0.20; Group 2: 0.02; and Group 3: 0.01
    Tick Value US $ 1
    Settlement Basis Cash Settled
    Final Cash Settlement Price (FCSP) FCSP is based on the closing price of the underlying equity on Last Trading Day
    Last Trading Day (LTD) Third Friday of the expiry month
    Trading Days Exchange Business Days*
    Trading Hours 07:00 – 23:55 Hours Dubai time
    Trading Months Monthly contracts for two months forward
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 1,000 Lots
    Wholesale Trades Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
    No Cancellation Range See link: www.dgcx.ae/price-limits



    *See Exchange By-Laws Part S
  • Expiry MonthExpiry CodeLast Trading Day
    Alphabet Inc Futures
    Oct'18 DGOOGL-20181019 19 Oct 2018
    Nov'18 DGOOGL-20181116 16 Nov 2018
    Apple Inc Futures
    Oct'18 DAAPL-20181019 19 Oct 2018
    Nov'18 DAAPL-20181116 16 Nov 2018
    Facebook Inc Futures
    Oct'18 DFB-20181019 19 Oct 2018
    Nov'18 DFB-20181116 16 Nov 2018
    JP Morgan Chase Futures
    Oct'18 DJPM-20181019 19 Oct 2018
    Nov'18 DJPM-20181116 16 Nov 2018
    Microsoft Corporation Futures
    Oct'18 DMSFT-20181019 19 Oct 2018
    Nov'18 DMSFT-20181116 16 Nov 2018