USD – Russian Ruble Futures

  • Russian Ruble – United States (USD-RUB) dollar futures contract is a part of the key initiative of the exchange to give access to currencies that are relevant to the region as well as be a one stop shop for emerging market currencies.

    The USD-RUB contract is relevant to the region as Russia is one of the largest trade partner of UAE, and lot of investment in UAE come from Russia and CIS. Many Russian companies have large presence in UAE.

    • USD-RUB is accessible from 7.00 AM- 11.55 PM UAE time
    • Small contract size $50,000 suitable for traders and organizations with smaller exposures
    • One of the only regulated platforms offering USD-RUB Futures in GCC
    • UAE is a Tax Free jurisdiction ensuring no tax liability arising out of accrued profit
    • Overlaps most trading zones including Europe and United States hence any news effecting the RUB markets lies within the time zone
    • Ideal location for corporate organizations with exposure to hedge RUB as onshore RUB liquidity availability is difficult
  • ContractParameters
    Contract Symbol DUSDRUB
    Underlying US Dollar
    Contract Size USD 50,000
    Notional Contract Value USD 50,000
    Trading Currency Russian Ruble (RUB)
    Settlement Currency US Dollars (USD)
    Price Quote RUB for 1 USD (e.g. RUB 49.001 / 49.002 Per 1 USD)
    Tick Size  0.001 RUB
    Tick Value 50 RUB
    Settlement Basis Cash
    Final Cash Settlement Price Based on the USD-RUB fixing issued by Central Bank of Russia on the last trading day
    Last Day of Trading 15th day of the expiry month, except where that day is a bank holiday in either Dubai or Moscow, in which case the Last Day of Trading shall be the following Business Day that is not a bank holiday in either Dubai or Moscow.
    Trading Days Monday through Friday
    Trading Hours 07:00 - 23:55 Hours Dubai time (GMT+4)
    Trading Months Quarterly Contracts December, March, June, September, at the outset first three Contracts shall be available for trading.
    New Contract Listing Business Day immediately following the Last Day of Trading
    Max Order Size 500 lots for Banks and Institutions promoted by Banks
    Daily Price Movement Limit No price limit (Note 1*)
    Initial Margin based on SPAN The Initial Margin will be denominated in RUB and the same shall be converted into equivalent USD at the prevalent Spot market rate of USD/RUB to display Initial Margin Utilization in USD terms.
    Calendar Spread Margin 100% Calendar Spread benefit
    Note 1*: For the avoidance of "fat finger" errors, price band shall be 4 RUB from previous settlement price 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 DUSDRUB-20181217 17 Dec 2018
    Mar'19 DUSDRUB-20190315 15 Mar 2019
    Jun'19 DUSDRUB-20190617 17 Jun 2019