As part of DGCX's ongoing awareness and educational programme to promote on-exchange, currency futures
trading, the exchange will be supporting and speaking at the Middle East Online Trading Summit to be held at Jumeirah Emirates Towers on November 9 and 10.
The Merc looks forward to adding the ruble to our lineup of exchange-traded currency futures
and options so that banks, institutions and individual investors worldwide can better manage the foreign exchange risk their Russian investments may pose.
All foreign exchange derivatives such as currency futures
/ swaps / options and second-generation forward contracts are explained.
Consistent with recent trends, DGCX currency futures
were the mainstay of trading activity in February accounting for 82 per cent of total volumes.
DGCX is the only futures exchange outside the US and Europe to offer the world's six most liquid currency futures
oThe volume growth in February demonstrates sustained momentum and interest in DGCX commodity and currency futures
Said CME president Bill Brodsky: "The Merc's Brazilian real is our first currency futures
contract to be cash settled, providing greater flexibility to a wide spectrum of financial institutions and individuals who want to participate in the market of Latin America's largest economy.
The third is slated for January 25, and Euro Currency Futures
Gold and WTI crude oil futures recorded volume of 73,458 and 21,211 contracts in November, whilst total currency futures
volume was 89,695 contracts in the same month, led by Euro/Dollar and Sterling/Dollar at 47,337 and 24,743 contracts respectively.
As a result, the CME last month filed with the Commodity Futures Trading Commission (CFTC) to reintroduce currency futures
and options products based on the Mexican peso.
The next two scheduled contests feature Mini Dow stock index futures and Euro Currency futures
DGCX currency futures
continued to be the mainstay of growth accounting for approximately 70 per cent of total monthly volumes.