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Currencies

Currencies

Currencies

CAD-USD Futures

Dubai Gold and Commodities Exchange provides local participants with futures contracts in the world major six currencies that are the Euro (EUR), Pound Sterling (GBP), Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD) versus the USD.

 

Contract

Parameters

Contract Symbol

DCAD

Underlying

Canadian Dollar ( CAD)

Contract Size

CAD 50,000

Notional Contract Value

CAD 50,000

Trading Currency

US Dollar

Settlement Currency

US Dollar

Price Quote

US$ quoted in Cents per CAD

Tick Size

US$ 0.0001 per CAD or US$ 5 per tick

Tick Value

US$ 5

Settlement Basis

Cash

Settlement

Physically Deliverable

Last Day of Trading

Business days before third Wednesday of expiry month

Trading Days

Monday through to Friday

Trading Hours

07:00 - 23:55 Hours Dubai time (GMT+4)

Trading Months

Mar, Jun, Sep and Dec

New Contract Listing

Business day immediately folloing the last trading day

Max Order Size

500 lots for Banks and institutions promoted by Banks. All other entities 200 Lots

Daily Price Movement Limit

No Price Limits (Note 1*)

Initial Margin based on SPAN

Click on the "Initial Margin" TAB

Calendar Spread Margin

100% benefits is offered on calendar spread positions

Calendar Spread Margin

100% benefits is offered on calendar spread positions

Note 1*: For the avoidance of "fat finger" errors, price band shall be 1.5 US Cents from previous settlement price If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period