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

  • ProductContract IdentifierLast Trading DateExpiry DateTender Start DateTender End DateDelivery Start DateDelivery End Date
    DWTI DWTI-20180119 19-Jan-2018 19-Jan-2018 22-Jan-2018 22-Jan-2018 22-Jan-2018 22-Jan-2018
    DWTI DWTI-20180216 16-Feb-2018 16-Feb-2018 19-Feb-2018 19-Feb-2018 19-Feb-2018 19-Feb-2018
    DWTI DWTI-20180319 19-Mar-2018 19-Mar-2018 20-Mar-2018 20-Mar-2018 20-Mar-2018 20-Mar-2018
    DWTI DWTI-20180419 19-Apr-2018 19-Apr-2018 20-Apr-2018 20-Apr-2018 20-Apr-2018 20-Apr-2018
    DWTI DWTI-20180521 21-May-2018 21-May-2018 22-May-2018 22-May-2018 22-May-2018 22-May-2018
    DWTI DWTI-20180619 19-Jun-2018 19-Jun-2018 20-Jun-2018 20-Jun-2018 20-Jun-2018 20-Jun-2018
    DWTI DWTI-20180719 19-Jul-2018 19-Jul-2018 20-Jul-2018 20-Jul-2018 20-Jul-2018 20-Jul-2018
    DWTI DWTI-20180820 20-Aug-2018 20-Aug-2018 21-Aug-2018 21-Aug-2018 21-Aug-2018 21-Aug-2018
    DWTI DWTI-20180919 19-Sep-2018 19-Sep-2018 20-Sep-2018 20-Sep-2018 20-Sep-2018 20-Sep-2018
    DWTI DWTI-20181019 19-Oct-2018 19-Oct-2018 22-Oct-2018 22-Oct-2018 22-Oct-2018 22-Oct-2018
    DWTI DWTI-20181116 16-Nov-2018 16-Nov-2018 19-Nov-2018 19-Nov-2018 19-Nov-2018 19-Nov-2018
    DWTI DWTI-20181218 18-Dec-2018 18-Dec-2018 19-Dec-2018 19-Dec-2018 19-Dec-2018 19-Dec-2018

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