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

Contract Specifications

ContractParameters
Contract TypeFuture
Contract NameEuro/US Dollar
Contract SymbolDEUR
UnderlyingEuro
Contract SizeEUR 50,000
Notional Contract ValueEUR 50,000
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars quoted in Cents per EUR
Tick SizeUS$ 0.0001
Tick ValueUS$ 5.00
Settlement BasisPhysically Delivered
Final Cash Settlement Price (FCSP)FCSP is based on the publicly available EUR/USD reference rate displayed on Last Trading Day
Last Trading Day (LTD)Two Business Days prior to the third Wednesday of the expiry month
Delivery DayThird Wednesday of the expiry month
Trading DaysExchange Business Days*
Trading Hours07:00 – 23:55 Hours Dubai time
Trading MonthsQuarterly: March, June, September and December
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
Delivery MarginSee link: www.dgcx.ae/initial-margins
No Cancellation RangeSee link: www.dgcx.ae/price-limits

*See Exchange By-Laws Part M

Contract Calendar

Expiry MonthExpiry CodeLast Trading DayNotice Day Delivery Day
Sep'19DEUR-2019091616-Sep-1916-Sep-1918-Sep-19
Dec'19DEUR-2019121616-Dec-1916-Dec-1918-Dec-19
Mar'20DEUR-2020031616-Mar-2016-Mar-2018-Mar-20
Jun'20DEUR-2020061515-Jun-2015-Jun-2017-Jun-20