Moneywise. Be wise

Currencies

Currencies

Currencies

EUR-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

Symbol

DEUR

Contract Size

50000

Trading Months

Mar, Jun, Sep and Dec

Last Trading Day

2 Business days before 3rd Wednesday of Expiry month

Settlement Day

3rd Wednesday of Expiry Month

New Contract Listing

Business day immediately folloing the last trading day

Price Quote

US$ quoted in Cents per €

Tick Size

US$ 0.0001 per € or US$ 5 per tick

Trading Days

Monday through to Friday

Trading Hours

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

Maximum Order Size

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

Price Limit

No Price Limits - Note 1*

Wholesale Trades

EFS, EFP, Block trade facilities available

Margins

 

Initial Margin based on SPAN

Click on the "Initial Margin" TAB

Calendar Spread Margin

100% benefits is offered on calendar spread positions

Spread Position Margin

Nil on matched positions

Extra Margin

At times of high volatility, an extra margin, as deemed fit by the Exchange, may be charged

Delivery Period Margin

Five times the initial Margin