SEATTLE (Scrap Monster): The Dubai Gold & Commodities Exchange (DGCX) announced launch of its new Pakistani Rupee (PKR) Futures Contract. The new contract is the first-of-its-kind by any regulated exchange in the world and is currently available for trading.
In addition to providing trading opportunities against the wide range of existing foreign exchange currency products of the exchange, it also provides members and their clients with the ability to hedge exposure to the Pakistani Rupee. The contract size will be 2,000,000 of base currency. It will be traded and cash settled in US Dollars (USD) based on publicly available reference prices. The trading hours have been fixed as 07:00 to 23:55, Gulf Standard Time, said the DGCX press release.
Commenting on the milestone achievement, Les Male, CEO, DGCX noted that the exchange is extremely pleased to launch the highly anticipated PKR Futures Contract, which is expected to complement its suite of existing products. The contract will help market participants to tap further into the Asian markets. The exchange is presently exploring opportunities to launch similar initiatives soon, he added.
YOU MAY ALSO BE INTERESTED IN:
DGCX Gold and Silver Futures Contracts Remained Robust
Dubai Gold & Commodities Exchange Recorded Robust Start to 2021
Copper Scrap View All | |
Alternator | 0.31 (0) |
#1 Copper Bare Bright | 3.65 (0.02) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.71 (-0.01) |
6061 Extrusions | 0.62 (-0.01) |
Steel Scrap View All | |
#1 Bundle | 475.00 (0) |
#1 Busheling | 495.00 (0) |
Electronics Scrap View All |