Copper Futures

Copper Futures

  • 5 MT cash settled contract that can appeal to both retail and institutional participants
  • Market Makers to ensure competitive price spreads
  • An alternative platform to hedge and mitigate physical copper price exposures
  • Provide investors in the Middle East with access to one of the most liquid metal contracts in the world from within the UAE
  • International investors will have the chance to benefit from the increasing liquidity pool of the Middle East.
  • DGCX clears via its clearing house all contracts so investors funds do not leave the region even for the purpose of clearing and settlement.
  • Competitive transaction cost against target markets (about 13 to 35% difference); significant for HFTs
  • Competitive margins that cater to majority retail demand; 25- times lower than margins in the West, and about 5% lower than South Asia
  • First ever copper contract in the MENA region that allows participants to clear their trades via the domiciled clearing house � DCCC
  • Physical traders may be able to quote copper exports/imports to/from the Sub-continent in INR rather than traditionally in USD, by being able to hedge price exposures through DGCX INR contract

Product Specification

Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 150 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 150 limit.

Margin


Margins
Initial Margin based on SPAN US$ 1,300 per contract (subject to change)