News Column

DGCX to re-list rupee options contract

July 10, 2014

Dubai Gold and Commodities Exchange (DGCX) announced the re-listing of its Indian Rupee Options contract.

The contract, which was temporarily suspended in 2012 to facilitate migration to a new trading infrastructure, will restart trading on July 18. DGCX's new advanced trading infrastructure, built in partnership with leading global financial technology provider Cinnober, will support heightened trading in the options contract. The new EOS platform provides the Exchange the ability to support high volumes in innovative products such as Indian Rupee options.

Gary Anderson, chief executive officer of Dubai Gold and Commodities Exchange, said: "The re-listing of the Indian Rupee options contract further widens opportunities to trade emerging market contracts on the exchange. The contract will build on the success of DGCX's Indian product offering, which has seen significant growth in trading over the past year. This year, the DGCX Indian Rupee futures contract increased its share of the total value of Indian Rupee futures traded globally to 50 per cent."


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Source: Khaleej Times (United Arab Emirates)

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