Mini WTI Crude Oil Futures

  • WTI (West Texas Intermediary) is one of the premier oil benchmarks in the world. The use of WTI as a pricing mechanism extends far beyond its local and refined export markets. With production accounting for over 10% of global demand, and pricing accounting for over 25% of global supply, the DGCX mini WTI futures contract provides accessibility to the global energy market to a wider range of participants.

    Paired with the DGCX’s existing USD currency suite, the Mini WTI futures contract will draw a stronger appeal to existing contracts on other global exchanges which are of a larger size. The DGCX Mini WTI contract size will help facilitate price discovery by new market participants, offering protection and hedging opportunities to all.

    • Trade your views, tax free on the international Crude oil market
    • Arbitrage opportunity with global commodity exchanges as well as existing DGCX WTI futures contract.
    • Low cost structure with 100% trading margin credit against the major DGCX WTI futures contract and on spread contracts too.
    • Greater access to international energy markets with clear, understandable regulations
    • Unique trading opportunity in the region to participate in global oil markets
    • Smaller contract size, ideal for optimal risk control
    • USD denominated, Cash settled with a tick size of USD $1
    • Tax Free – No transaction Tax and Zero Capital Gains tax
    • Market hours encompassing the largest global liquidity pools
    • Basis 100 Barrels contract, traded on a secure regulated marketplace
  • ContractParameters
    Contract Type Future
    Contract Name DGCX Mini West Texas Intermediate (WTI) Oil Futures
    Contract Symbol DWTIM
    Underlying DGCX West Texas Intermediate Light Sweet Crude Oil
    Contract Size 100 Barrels (4,200 Gallons)
    Notional Contract Value 100 x Price
    Trading Currency USD
    Settlement Currency USD
    Price Quote US Dollars and Cents per Barrel
    Tick Size US$ 0.01
    Tick Value US$ 1
    Settlement Basis Cash Settled
    Final Cash Settlement Price (FCSP) FCSP is based on reference price displayed by market data vendors on Last Trading Day
    Last Trading Day (LTD) Four Business Days prior to the 25th Calendar Day of the month preceding the expiry month (e.g. the March contract will expire on the fourth Business Day prior to the 25th of February)
    Trading Days Exchange Business Days*
    Trading Hours 07:00 - 23:55 Hours Dubai time
    Trading Months Monthly contracts for twelve months forward
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 2,000 Lots
    Wholesale Trades Block Trade minimum size threshold: 500 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 N
  • Expiry MonthExpiry CodeLast Trading Day
    Nov'18 DWTIM-20181019 19 Oct 2018
    Dec'18 DWTIM-20181116 16 Nov 2018
    Jan'19 DWTIM-20181218 18 Dec 2018
    Feb'19 DWTIM-20190118 18 Jan 2019
    Mar'19 DWTIM-20190219 19 Feb 2019
    Apr'19 DWTIM-20190319 19 Mar 2019
    May'19 DWTIM-20190418 18 Apr 2019
    Jun'19 DWTIM-20190520 20 May 2019
    Jul'19 DWTIM-20190619 19 Jun 2019
    Aug'19 DWTIM-20190719 19 Jul 2019
    Sep'19 DWTIM-20190819 19 Aug 2019
    Oct'19 DWTIM-20190919 19 Sep 2019