DGCX provides market participants with an opportunity to trade selective currencies in the world’s leading FX Market. Euro (EUR), Pound Sterling (GBP) and Australian Dollar (AUD) against the USD. The FX market is one of the most liquid and heavily traded international market. DGCX offers these contracts for hedging, arbitraging, speculating, and trading in a structured, secure, regulated, and transparent environment.
- These contracts will provide a unique trading opportunity in the region to participate in global FX markets via an exchange-traded product
- All open positions are rolled over on daily basis, applying relevant T/N swap rates
- The T/N swap rates are provided by an ESMA-registered and FCA authorised third-party provider
- These contracts are suitable for institutional and retail traders
- Order Driven Market Place with price transparency to all market participants
- 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 07:00 to 23:55 hours Dubai time (GMT +4)
- Overlaps most trading zones including Europe and United States
Contract Specifications
Contract | Parameters |
Contract Type | FX Rolling Futures |
Contract Name | FX Rolling Futures |
Contract Symbol | SPFAUD |
Underlying | AUD/USD |
Contract Size | AUD 10,000 |
Notional Contract Value | AUD 10,000 |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | USD quoted in USD per AUD, for example 0.6830(1) |
Tick Size | USD 0.00001 |
Tick Value | USD 0.10 |
Settlement Basis | Cash Settled, traded to the fifth decimal place, settled to the sixth decimal place |
Final Cash Settlement Price (FCSP) | None- It is perpetual |
Last Trading Day (LTD) | None- It is perpetual |
Delivery Day | |
Trading Days | Exchange Business Day* |
Trading Hours | 07:00 - 23:55 Hours Dubai time (GMT+4) |
Trading Months | None- It is perpetual |
New Contract Listing | None- It is perpetual |
Max Order Size | 2500 Lots ($25 Million) |
Daily Settlement | 11.55pm Dubai – Aligned with G6 Futures Daily Settlement price will equal Preliminary settlement price +/- the relevant T/N rate as provided by a third-party benchmark rate provider |
Wholesale Trades | Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted within 15 minutes after execution |
Initial Margin | USD 140 |
Delivery Margin | None- It is perpetual |
No Cancellation Range | See link: www.dgcx.ae/price-limits |