New DGCX Currency Futures Contracts Launching On June 15th, 2010

On June 15th, 2010, DGCX is introducing three new currency futures contracts; the Australian Dollar (AUD), Canadian Dollar (CAD) and Swiss Franc (CHF), all paired to the US Dollar.

DGCX is the only regulated exchange in the Middle East which currently offers currency futures trading and clearing. 

The exchange lists the world’s six top traded currencies, as well as the only Indian Rupee futures contract outside of India.  The new DGCX currency futures are well suited to both short and long-term trading strategies and provide investors with more opportunities to trade FX from the advantageous tax environment of Dubai.

New DGCX currency futures contracts launching on June 15th, 2010:

1. Australian Dollar / US Dollar 
2. Canadian Dollar / US Dollar 
3. Swiss Franc / US Dollar

Existing DGCX currency futures contracts:

1. Euro / US Dollar
2. Indian Rupee / US Dollar
3. Japanese Yen / US Dollar
4. Sterling / US Dollar 

The new currency contracts will trade from 8:30am to 11:30pm Dubai Time (4:30am to 7:30pm GMT and 12:30am to 3:30pm Eastern Time). The contracts are sized at CHF 50,000, AUD 50,000 and CAD 50,000, with the contract price quoted in US dollars. The minimum price fluctuation will be US $0.0001 per contract, equivalent to a tick value of US $5 per contract.  The first delivery month available for trading for all three contracts is September 2010.