Russian Rouble – United States (USD-RUB) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies.

The USD-RUB contract is relevant to the region as Russia is one of the largest trade partner of UAE, and lot of investment in UAE come from Russia and CIS. Many Russian companies have large presence in UAE.

  • USD-RUB is accessible from 7.00 AM- 11.55 PM UAE time
  • Small contract size $50,000 suitable for traders and organizations with smaller exposures
  • One of the only regulated platforms offering USD-RUB Futures in GCC
  • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
  • Overlaps most trading zones including Europe and United States hence any news effecting the RUB markets lies within the time zone
  • Ideal location for corporate organizations with exposure to hedge RUB as onshore RUB liquidity availability is difficult

Contract Specifications

ContractParameters
Contract TypeFuture
Contract NameRUB/US Dollar
Contract SymbolDUSDRUB
UnderlyingRussian Rouble
Contract SizeUSD 50,000
Notional Contract ValueUSD 50,000
Trading CurrencyRUB
Settlement CurrencyUSD
Price QuoteRUB per USD
Tick SizeRUB 0.001
Tick ValueRUB 50
Settlement BasisCash Settled
Final Cash Settlement Price (FCSP)FCSP is based on the official USD-RUB fixing published by the Central Bank of Russia on Last Trading Day
Last Trading Day (LTD)14th day of the Expiry month
Trading DaysExchange Business Days*
Trading Hours07:00 – 23:55 Hours Dubai time
Trading MonthsQuarterly for three months forward
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
No Cancellation RangeSee link: www.dgcx.ae/price-limits

*See Exchange By-Laws Part M

Contract Calendar

Expiry MonthExpiry CodeLast Trading Day
Sep'19DUSDRUB-2019091616-Sep-19
Dec'19DUSDRUB-2019121616-Dec-19
Mar'20DUSDRUB-2020031616-Mar-20