Copper Futures

  • Copper is a malleable, ductile, metallic element having a characteristic reddish-brown color: used in large quantities as an electrical conductor and in the manufacture of alloys, as brass and bronze. Copper is found as a pure metal in nature, and this was the source of the first metal to be used by humans, ca. 8,000 BC; it was the first metal to be smelted from its ore, ca. 5,000 BC; it was the first metal to be cast into a shape in a mold, ca. 4,000 BC; and it was the first metal to be purposefully alloyed with another metal, tin, to create bronze, ca. 3,500 BC

    Copper contract on DGCX platform offers international benchmark pricing contract for investors, speculators, hedgers and arbitragers.

    • Trade your views on the International benchmark Copper futures prices
    • Arbitrage opportunity with the highly correlated Copper forwards and futures benchmark prices.
    • Low cost structure
    • USD denominated, Intention matching mechanism for delivery
    • Lot size of 5 MT
    • Tick size of USD 1 per MT and tick value of USD 5
    • Efficient margining for optimal leverage
    • 5 contract months (covering approximately a calendar year) available at any given point of time
    • Live prices available under marketwatch link on DGCX website
  • ContractParameters
    Contract Symbol DCU
    Underlying DGCX Copper Futures
    Contract Size 5 MT
    Notional Contract Value 5xPrice of Copper in USD/MT
    Trading Currency USD
    Settlement Currency USD
    Price Quote US$ per MT
    Tick Size US$ 0.50
    Tick Value USD 2.50
    Settlement Basis Cash Settlement
    Quality Specs Grade 1 Electrolytic Copper Cathodes (full plate or cut) conforming to the American Society for Testing and Materials (B115-00), or its latest revision
    Final Cash Settlement Price The front month settlement price for Copper futures as made public by COMEX for the Last Day of Trading of the DGCX front month contract, converted using conversion factor of 2,204.623 to MT and rounded to the nearest DCU tick.
    Last Day of Trading Third last Business Day preceding the Delivery Month
    Trading Days Monday through to Friday
    Trading Hours DGCX Trading Hours
    Trading Months March, May, July, September, December. Minimum five (5) Contracts shall be listed for trading at all time
    New Contract Listing Business Day immediately following the Last Day of Trading
    Max Order Size 200 Contracts
    Initial Margin based on SPAN USD 750 per lot (subject to change)
    Calendar Spread Margin 100% benefit is offered on calendar spread margins
    Daily Price Movement limit No Limits*
    Note 1*: For the avoidance of ‘fat finger’ errors price band shall be in place. If price breaches the daily price movement limit, trading in particular contract shall continue, with the new trading price range without any cooling period

  • Expiry MonthExpiry CodeLast Trading Day
    Dec'18 DCU-20181128 28 Nov 2018
    Mar'19 DCU-20190226 26 Feb 2019
    May'19 DCU-20190426 26 Apr 2019
    Jul'19 DCU-20190626 26 Jun 2019
    Sep'19 DCU-20190828 28 Aug 2019