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 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 WTI futures contract will draw a stronger appeal to existing contracts on other global exchanges which are of a larger size. The DGCX WTI contract 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 Mini WTI Futures contract.
    • Low cost structure with 100% trading margin credit against the major DGCX Mini WTI Futures contract, as well as the main WTI contract spreads.
    • Greater access to international energy markets with clear, understandable regulations
    • Unique trading opportunity in the region to participate in global oil markets
    • Larger contract size in line with other global exchanges
    • USD denominated, Cash settled with a tick size of USD $10
    • Tax Free – No transaction Tax and Zero Capital Gains tax
    • Market hours encompassing the largest global liquidity pools
    • Basis 1,000 Barrels contract, traded on a secure regulated marketplace
  • ContractParameters
    Contract Symbol DWTI
    Underlying DGCX West Texas Intermediate Light Sweet Crude Oil Futures
    Contract Size 1,000 barrels (42,000 gallons)
    Notional Contract Value USD 1,000 X DGCX West Texas Intermediate Light Sweet Crude Oil Futures
    Trading Currency USD
    Settlement Currency USD
    Price Quote US Dollars and Cents per barrel
    Tick Size USD 0.01 per barrel (US$ 10 per tick)
    Tick Value USD 10
    Settlement Basis Cash Only Settlement Contract
    Final Cash Settlement Price The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of Trading of the DGCX front month contract
    Last Day of Trading Last Day of Trading shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of Trading shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of Trading
    Trading Days Monday through to Friday
    Trading Hours DGCX Trading Hours
    Trading Months Twelve consecutive months plus ten contract months consisting of June and December months will be listed for an additional five calendar years
    New Contract Listing Business day immediately following the last trading day
    Max Order Size 500 contracts
    EFP / EFS / Block Trades As per DGCX By-Laws. Minimum Block size permitted is 200 contracts.
    Time Limit for EFP / EFS / Block Trade Registration Up to 5 minutes after cessation of trading on any trading day
    Initial Margin based on SPAN USD 4,000 per lot (subject to change)
    Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged.
    Calendar Spread Margin 100% benefit is offered on calendar spread positions
    Daily Price Movement limit No Limits - Note 1*
    Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit

  • Expiry MonthExpiry CodeLast Trading Day
    Nov'18 DWTI-20181019 19 Oct 2018
    Dec'18 DWTI-20181116 16 Nov 2018
    Jan'19 DWTI-20181218 18 Dec 2018
    Feb'19 DWTI-20190118 18 Jan 2019
    Mar'19 DWTI-20190219 19 Feb 2019
    Apr'19 DWTI-20190319 19 Mar 2019
    May'19 DWTI-20190418 18 Apr 2019
    Jun'19 DWTI-20190520 20 May 2019
    Jul'19 DWTI-20190619 19 Jun 2019
    Aug'19 DWTI-20190719 19 Jul 2019
    Sep'19 DWTI-20190819 19 Aug 2019
    Oct'19 DWTI-20190919 19 Sep 2019
    Nov'19 DWTI-20191021 21 Oct 2019
    Dec'19 DWTI-20191119 19 Nov 2019
    Jan'20 DWTI-20191218 18 Dec 2019
    Feb'20 DWTI-20200117 17 Jan 2020
    Mar'20 DWTI-20200219 19 Feb 2020
    Apr'20 DWTI-20200319 19 Mar 2020
    Jun'20 DWTI-20200518 18 May 2020
    Dec'20 DWTI-20201119 19 Nov 2020
    Jun'21 DWTI-20210519 19 May 2021
    Dec'21 DWTI-20211118 18 Nov 2021
    Jun'22 DWTI-20220519 19 May 2022
    Dec'22 DWTI-20221118 18 Nov 2022
    Jun'23 DWTI-20230519 19 May 2023
    Dec'23 DWTI-20231117 17 Nov 2023
    Jun'24 DWTI-20240520 20 May 2024
    Dec'24 DWTI-20241119 19 Nov 2024