The DGCX, the worlds newest online commodities derivatives exchange, commenced trading on 22nd November 2005. It is the first international commodities derivatives market in the Middle East region and, therefore, the first in the critical time zone between the markets of Europe and the Far East. As a truly international commodities derivatives exchange, DGCX will offer a range of commodities, commencing with gold futures, with electronic trading accessible from anywhere in the world.
DGCX is a joint venture between the Dubai Multi Commodities Centre (DMCC) Government of Dubai, Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). Management of DGCX comprises of senior personnel from commodities, securities & financial services industry bringing experience, expertise and a track record to ensure the success of DGCX.
Dubai is the ideal and obvious location for the worlds newest electronic commodities exchange. Its geographical position is a strategic strength as are the sophisticated infrastructure and enlightened leadership of the Emirate of Dubai.
DGCX is a technology driven, demutual organisation committed to provide a world-class trading platform for a wide array of commodities and to implement the best global practices, with the highest level of transparency.
DGCX offers huge advantages to existing participants in physical commodities markets in the region previously unable to hedge their price exposures as well as opportunities to the regions burgeoning investment community. These advantages include:
A fully automated, state of the art, electronic trading platform accessible from anywhere in the world.
Uninterrupted Trading hours from 08:30 am 11:30 pm (GMT +4).
An effective regulatory structure.
Futures and Options trading on a range of commodities.
Robust risk management and surveillance systems.
Settlement guarantee provided by Dubai Commodities Clearing Corporation (DCCC), a subsidiary 100% owned by DGCX.
The DGCX trades US $ denominated standardized futures contracts and options on futures contracts. Futures are classic futures, with designated delivery months. Dubai has an impressive history and established trade in the precious metals industries. The DGCX gold futures contract specifications have been developed in consultation with the precious metals trade. The gold contract unit is 1 kilogram of gold (0.995 fineness) deliverable at DGCX approved vaults in the United Arab Emirates (UAE).
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Payout:7-9% weekly (floating)
Minimum investment:50 USD
Processor: E-gold
