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
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.