Sunday, June 11, 2006

DGCX launches currency futures trading

Trading in currency futures commences tomorrow, Monday 12th June 2006 on Dubai Gold and Commodities Exchange (DGCX).

This is the third product to be launched on the DGCX after Gold, (November 2005 at launch) and Silver (March 2006).

From today, DGCX brokers will be able to trade Euro/US Dollar, Yen/US Dollar and Sterling /US Dollar contracts with other contracts coming on line over time. Each of these currencies will have four forward months contracts maturing in March, June, September and December. The contract size for Euro/USD and Sterling/USD will be 50,000 while the contract size for Yen/USD will be 5,000,000.

DGCX continues to develop apace with the existing contracts achieving phenomenal growth. In the most recent market update, DGCX confirmed that Gold futures volumes grew by 54% from April to May, reaching a staggering 62,139 Kilos. These figures include a highest ever daily traded volume of 6062 contracts on 15th May.

With commodity markets in the middle of a major bull run, the introduction of a diverse range of commodities on DGCX, offers an ideal platform for market participants to trade all the products on a single exchange platform. The Exchange plans to introduce futures contracts on steel and marine fuel oil in the fourth quarter of 2006.

Read more here.

4 comments:

Mustakin Raja said...

Appreciative to you for this dazzling article on this point. It is a truly satisfying articles for the general open who are gotten in trading. I do binary options trading on lxmarkets. Since it is a made binary options broker with overwhelming customer prop. On the off chance that you are amped up for binary options trading you can open a account with the broker. They have high payout rate. Thankful to you over by the day's end.

Michel Stuart said...

I like this post very much. This article will definitely improve my forex strategy. I am in this business for very long time. And I make an effective strategy which helps me to earn. And for my strategy this news will be very productive. And for my strategy I need broker support very much. My broker AAFX gives me the support to execute my trading strategy. One should definitely try this one.

Blogger said...

eToro is the best forex trading platform for rookie and full-time traders.

Blogger said...

QUANTUM BINARY SIGNALS

Get professional trading signals delivered to your mobile phone daily.

Start following our trades NOW & gain up to 270% a day.