DGCX US Single Stock Futures

  • DGCX Single Stock Futures (SSF) are the first International Equity Futures product in the Middle East. They provide a proxy to the price performance of US blue chip equities. Participants can replicate their trading and investment strategies using contracts that are traded on the DGCX platform which are cash settled. DGCX SSF caters to the need of speculators and investors seeking offshore exposure to US equities without foreign exchange risk. These include institutional and private investors, investment funds and Hedge Funds seeking opportunities to trade and gain exposure to the price movements of US equities. Participants can buy or sell futures to trade their view or hedge an underlying investment position.
    • Trade blue chip US stocks on the DGCX platform
    • Quoted and Cash settled in US Dollars (USD)
    • Tax Free – Zero Transaction Tax, Capital Gains Tax or conversion cost
    • Retail sized stocks for ease of trade with optimal leverage
    • Access US Equity markets with clear, understandable regulations and low-cost structure
    • Unique trading opportunity to participate in US Equity markets without any Foreign Exchange Risk
    • Opportunity to trade prior to US Market hours attracting additional global liquidity pools
    • Margin funding is held locally in the UAE while trading the US Markets
    • Traded on a globally recognized, regulated and safe platform permitting greater participation and transparency
  • SL NOCompany NameDGCX Contract SymbolContract SizeMinimum Tick SizeTick Value
    1 Apple INC DAAPL 50 0.02 1
    2 Facebook INC DFB 50 0.02 1
    3 Alphabet INC DGOOGL 5 0.2 1
    4 JP Morgan INC DJPM 100 0.01 1
    5 Microsoft INC DMSFT 100 0.01 1

    Notional Contract Value (Price * Contract Size) in USD
    Trading Currency USD
    Settlement Currency USD
    Price Quote Underlying price expressed in USD (example: Bid: 56.01 / Ask 56.05)
    Trading Days Monday through Friday
    Trading Hours DGCX Trading Hours
    Last Trading Day Third Friday of the Calendar Month
    Settlement Basis Cash Settled
    Final Cash Settlement Price Cash Settled based on the closing price of the underlying equity in its home market on the Last Day of Trading (source: public domain)
    Trading Months First two (2) serial months and 1 calendar spread
    New Contract Listing Business Day immediately following the Last Trading Day
    Max Order Size 1,000 lots
    Initial Margin based on SPAN Based on SPAN, subject to change from time to time
    Calendar Spread Margin 100% benefit is offered on calendar spread positions
    Daily Price Movement limit No Limit, Note 1*

    Note 1*: For the avoidance of ‘fat finger’ errors the price band shall be 5% from the previous settlement price e.g. if the previous settlement price is USD 56.00, the price band is USD 2.80 i.e. from (USD 53.20 to USD 58.80). The Exchange shall relax the intra-day price range for the prices of the contract approaching the 5% limit
    Note 2**: Incase of specific Corporate Action the Exchange may affect an early Cash Only Settlement of all existing Contracts on the relevant SSF on the last Cum-Date in relation to the Corporate Action as provided in DGCX By-Laws S3
  • Expiry MonthExpiry CodeLast Trading Day
    Alphabet Inc Futures
    Oct'18 DGOOGL-20181019 19 Oct 2018
    Nov'18 DGOOGL-20181116 16 Nov 2018
    Apple Inc Futures
    Oct'18 DAAPL-20181019 19 Oct 2018
    Nov'18 DAAPL-20181116 16 Nov 2018
    Facebook Inc Futures
    Oct'18 DFB-20181019 19 Oct 2018
    Nov'18 DFB-20181116 16 Nov 2018
    JP Morgan Chase Futures
    Oct'18 DJPM-20181019 19 Oct 2018
    Nov'18 DJPM-20181116 16 Nov 2018
    Microsoft Corporation Futures
    Oct'18 DMSFT-20181019 19 Oct 2018
    Nov'18 DMSFT-20181116 16 Nov 2018