The exchange primarily focused on derivatives is all set to launch a spot gold contract this year that is expected to make
"We are working on the spot gold contract's specifications and timing of the launch. We expect to launch it next 2 to 3 months. The reason for the spot gold is to create a contract that is very much regionally and
Now up to 40 per cent of the gold traded in the world comes through
In currencies, the exchange currently trades six contracts. As part of expanding its currencies product portfolio, the exchange is working on the launch of a number of emerging market currency contracts that includes currencies such as the South African rand, the Russian ruble the Korean won and the Chinese renminbi. At the moment the exchange is working on regulatory approval to launch these new contracts before the year end.
On the equity front too, the exchange is looking to diversify the asset classes on offer. "We have a licence to list a futures contract on the MSCI Indian fund. The process is very much under way. We are almost finalising product specification and are intending to launch within the next 3 to 4 months," Anderson said.
In regional equities, DGCX has plans to strengthen its relationship with
The exchange has been looking for opportunities to launch futures contract on agricultural products form sometime. "It has always been there on our product radar. This again is one area where we are trying to leverage on the trade aspect of
The exchange is currently studying the potential of a black pepper futures contract.
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