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.

    These currency pairs are the most traded in the world. The exchange offers these contracts for hedging and trading in a secure and regulated environment, without remittance of and money overseas. The contracts are deliverable and hence ideal for corporate organization and trading companies to hedge their exposures.

    • Three month contracts to match with most import export exposures
    • Deliverable products
    • Small contract size suitable for traders and organizations with smaller exposures
    • The contracts are quoted as turtle contracts so that profit and loss is realized in USD
    • One of the only regulated platforms offering major currency futures in the entire GCC region
    • Margins are accepted in UAE Dirhams so you can take exposure using local currency
    • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
    • Market hours from 7.00 AM till 11.55 AM UAE time
    • Overlaps most trading zones including Europe and United States
  • ContractParameters
    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


  • ProductContract IdentifierLast Trading DateExpiry DateTender Start DateTender End DateDelivery Start DateDelivery End Date
    DEUR DEUR-20180319 19-Mar-2018 19-Mar-2018 19-Mar-2018 19-Mar-2018 21-Mar-2018 21-Mar-2018
    DEUR DEUR-20180618 18-Jun-2018 18-Jun-2018 18-Jun-2018 18-Jun-2018 20-Jun-2018 20-Jun-2018
    DEUR DEUR-20180917 17-Sep-2018 17-Sep-2018 17-Sep-2018 17-Sep-2018 19-Sep-2018 19-Sep-2018
    DEUR DEUR-20181217 17-Dec-2018 17-Dec-2018 17-Dec-2018 17-Dec-2018 19-Dec-2018 19-Dec-2018



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