Dubai Gold and Commodities Exchange – DGCX

The Dubai Gold and Commodities Exchange (DGCX) is an international commodity derivatives exchange based in the United Arab Emirates (UAE). Launched in November 2005, the DGCX was the fist such exchange in the Middle East. It offers a range of precious metals futures and options contracts to producers, manufacturers, and consumers. The DGCX is a joint venture of various partners, including the Dubai Multi Commodities Centre and the Dubai Government, as well as India’s Financial Technologies Group and the Multi Commodity Exchange of India.

The DGCX offers various commodity futures, including gold, silver, Brent and West Texas Intermediate (WTI) crude oil, fuel oil, copper, and steel. The DGCX is also the Middle East’s only exchange to provide currency exchange futures. The exchange pairs the U.S. dollar with the Australian Dollar, the British Pound, the Canadian Dollar, the Euro, the Japanese Yen, the Swiss Franc, and the Indian Rupee. With respect to no-obligation options, the DGCX offers options for gold and Indian Rupees trading.

The exchange’s trading hours are typically Monday to Friday, from 7:00 a.m. to 11:30 p.m. (Dubai time). All commodities are traded in U.S. dollars. Traders, regardless if they are individuals or commercial entities, pay the same margins when participating in the DGCX. The exchange is regulated by the Securities and Commodities Authority, and its main competitor in the UAE is the Dubai Mercantile Exchange.

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