Dubai Gold and Commodities Exchange (DGCX)
Last updated
Was this helpful?
Last updated
Was this helpful?
The Dubai Gold and Commodities Exchange (DGCX) is a major derivatives exchange located in Dubai, United Arab Emirates. Established in 2005, it has become a prominent exchange in the Middle East and globally for trading a wide range of commodities and financial derivatives contracts.
The DGCX was launched in November 2005 as the region's first commodity derivatives exchange. It was established as a joint venture between the Dubai Multi Commodities Centre (DMCC), Financial Technologies Group (FT Group), and several other stakeholders.
The DGCX is majority-owned by the Dubai Multi Commodities Centre Authority (DMCCA), a government entity responsible for the regulation and promotion of commodity trading in Dubai. The exchange is regulated by the Securities and Commodities Authority (SCA) of the United Arab Emirates.
DGCX offers a diverse range of derivatives contracts, including futures and options, covering various asset classes. Some of the key product categories include:
Precious Metals: DGCX is known for its and futures contracts, which are actively traded by participants globally.
Currency Futures: The exchange offers currency futures contracts on major and emerging market currencies.
Energy Futures: DGCX provides contracts on energy commodities such as WTI crude oil, Brent crude oil, and natural gas.
Agricultural Futures: Contracts on agricultural commodities like steel rebar and Indian Rupee Options are also available.
Interest Rate Futures: The exchange offers derivatives based on interest rates, including Euro interest rate products.
Trading generally starts at 7:00 AM (Dubai Time, GMT+4).
Trading typically ends at 11:30 PM (Dubai Time, GMT+4).
Trading also generally starts at 7:00 AM (Dubai Time, GMT+4).
Trading typically ends at 11:30 PM (Dubai Time, GMT+4).
Participants in the DGCX market include institutional investors, commodity producers, consumers, speculators, and traders seeking exposure to various asset classes.
The exchange attracts a diverse global clientele due to its strategic location and comprehensive product offerings.
DGCX contracts are cleared through the Dubai Commodities Clearing Corporation (DCCC), which provides risk management and settlement services.
The DGCX has gained recognition as a significant exchange in the region and has attracted participants from around the world. It is an important hub for commodity trading in the Middle East and serves as a bridge between Asian and European markets.
DGCX has invested in advanced trading technology to provide a reliable and efficient trading platform for its participants.
The exchange operates under the regulatory oversight of the Securities and Commodities Authority (SCA) of the United Arab Emirates.
Be sure to to receive product and service updates from OpenBullion.