CURRENCY FUTURES

DGCX Steel Rebar Futures Contract, launched in 2007, is the first such contract to be listed as internationally accessible steel futures in the world. The contract is for 10 metric tons of Steel Rebar.

AUSTRALIAN DOLLAR-US DOLLAR FX FUTURES CONTRACT SPECIFICATION
Trading
Symbol DAUD
Contract Size AUD 50,000
Trading Months Mar, Jun, Sep and Dec
Last Trading Day Two Business days before third Wednesday of expiry month
Settlement Day Third Wednesday of Expiry Month
New Contract Listing Business day immediately folloing the last trading day
Price Quote US$ quoted in Cents per AUD
Tick Size US$ 0.0001 per AUD or US$ 5 per tick
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Price Limit No Price Limits - Note 1*
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US $1,600 per contract (subject to change)
Calendar Spread Margin 100% benefits is offered on calendar spread positions
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged
Delivery Period Margin Five times the initial Margin


CANADIAN DOLLAR-US DOLLAR FX FUTURES CONTRACT SPECIFICATION
Trading
Symbol DCAD
Contract Size CAD 50,000
Trading Months Mar, Jun, Sep and Dec
Last Trading Day Business days before third Wednesday of expiry month
Settlement Day Third Wednesday of Expiry Month
New Contract Listing Business day immediately folloing the last trading day
Price Quote US$ quoted in Cents per CAD
Tick Size US$ 0.0001 per CAD or US$ 5 per tick
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Price Limit No Price Limits - Note 1*
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US $ 1,000 per contract (subject to change)
Calendar Spread Margin 100% benefits is offered on calendar spread positions
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged
Delivery Period Margin Five times the initial Margin


CANADIAN DOLLAR-US DOLLAR FX FUTURES CONTRACT SPECIFICATION
Trading
Symbol DCAD
Contract Size CAD 50,000
Trading Months Mar, Jun, Sep and Dec
Last Trading Day Business days before third Wednesday of expiry month
Settlement Day Third Wednesday of Expiry Month
New Contract Listing Business day immediately folloing the last trading day
Price Quote US$ quoted in Cents per CAD
Tick Size US$ 0.0001 per CAD or US$ 5 per tick
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Price Limit No Price Limits - Note 1*
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US $ 1,000 per contract (subject to change)
Calendar Spread Margin 100% benefits is offered on calendar spread positions
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged
Delivery Period Margin Five times the initial Margin


EURO-DOLLAR FX FUTURES CONTRACT SPECIFICATION
Trading
Symbol DEUR
Contract Size 50,000
Trading Months Mar, Jun, Sep and Dec
Last Trading Day 2 Business days before 3rd Wednesday of Expiry month
Settlement Day 3rd Wednesday of Expiry Month
New Contract Listing Business day immediately folloing the last trading day
Price Quote US$ quoted in Cents per
Tick Size US$ 0.0001 per or US$ 5 per tick
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Price Limit No Price Limits - Note 1*
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US $ 1,400 per contract (subject to change)
Calendar Spread Margin 100% benefits is offered on calendar spread positions
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged
Delivery Period Margin Five times the initial Margin


INDIAN RUPEE-DOLLAR FX FUTURES CONTRACT SPECIFICATION
Trading
Symbol DINR
Contract Size INR 2,000,000
Delivery Months Monthly contracts for twelve months forward
Last Trading Day Two Business Days prior to the last working day of the contract month
Settlement Day The Business Day immediately following the last day of expiring contract
New Contract Listing Business day immediately following the last trading day
Price Quote US$ quoted in Cents per 100 Indian Rupees ( e.g. 209.56 /209.62 US Cents per 100 Indian Rupees)
Tick Size US$ 0.000001 per INR or US$ 2 per tick
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Price Limit No Price Limits - Note 1*
Wholesale Trades EFS, EFP, Block trade facilities available
Cash Settlement Price Basis Open Positions at expiry of contract shall be settled in US Dollars as per the Dialy Settlement Price (DSP) declared by the Exchange.
The DSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date
Margins
Initial Margin based on SPAN US $ 800 per contract (subject to change)
Calendar Spread Margin 100% benefits is offered on calendar spread positions
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged
Delivery Period Margin Not applicable


Trading
Symbol DINRM
Underlyin Indian Rupee
Contract Size INR 200,000
Delivery Months Monthly contracts for twelve months forward
Last Trading Day Two Business Days prior to the last working day of the contract month
Settlement Day The Business Day immediately following the last day of expiring contract
New Contract Listing Business day immediately following the last trading day
Price Quote US Cents (1/100 INR)
Tick Size US$ 0.000001 per INR or US$ 2 per tick
Trading Days Monday through to Friday
Trading Hours 07:00 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Daily Price Movement Limit No price limit
Wholesale Trades EFS, EFP, Block trade facilities available
Final Cash Settlement Price Basis Open Positions at expiry of contract shall be settled in US Dollars as per the Daily Settlement Price (DSP) declared by the Exchange. The DSP would be based on the official US Dollar reference rate issued by the Reserve Bank of India, based on bank rates in Mumbai at 12 noon on the day of trading or earliest available date
Margins
Initial Margin based on SPAN Click on the "Initial Margin" TAB
Calendar Spread Margin 100% benefit is offered on calendar spread positions
Intra-commodity Margin Offset 100% benefit is offered on offsetting positions between INR and Mini INR positions.
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged


JAPANESE YEN-DOLLAR FX FUTURES CONTRACT SPECIFICATION
Trading
Symbol DJPY
Contract Size ?5,000,000
Trading Months Mar, Jun, Sep and Dec
Last Trading Day Two Business days before third Wednesday of expiry month
Settlement Day Third Wednesday of Expiry Month
New Contract Listing Business day immediately folloing the last trading day
Price Quote US$ quoted in Cents per 100 ?/TD>
Tick Size US$ 0.000001 per ?or US$ 5 per tick
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Price Limit No Price Limits - Note 1*
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US $ 800 per contract (subject to change)
Calendar Spread Margin 100% benefits is offered on calendar spread positions
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged
Delivery Period Margin Five times the initial Margin


SWISS FRANC-US DOLLAR FX FUTURES CONTRACT SPECIFICATION
Trading
Symbol DCHF
Contract Size CHF 50,000
Trading Months Mar, Jun, Sep and Dec
Last Trading Day Two Business days before third Wednesday of expiry month
Settlement Day Third Wednesday of Expiry Month
New Contract Listing Business day immediately folloing the last trading day
Price Quote US$ quoted in Cents per CHF
Tick Size US$ 0.0001 per CHF or US$ 5 per tick
Trading Days Monday through to Friday
Trading Hours 08:30 - 23:30 Hours Dubai time (GMT+4)
Maximum Order Size 500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots
Price Limit No Price Limits - Note 1*
Wholesale Trades EFS, EFP, Block trade facilities available
Margins
Initial Margin based on SPAN US $ 1,300 per contract (subject to change)
Calendar Spread Margin 100% benefits is offered on calendar spread positions
Spread Position Margin Nil on matched positions
Extra Margin At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged
Delivery Period Margin Five times the initial Margin

* As presented from DGCX.

FUTURES MARKETS

Futures markets trade Futures contracts, which specify that the underlying asset will be bought or sold for a specific price on a specific date in the future (also known as expiration date). Futures and Options are two of the most commonly traded types of derivatives. Derivatives are contracts (or financial instruments) whose value derives from an underlying asset such as stocks, commodities, gold, currencies, etc.. The value of the derivative instrument changes according to the value of the underlying asset.

Exchange traded derivatives are traded through exchanges around the world where these instruments