Aluminium is the most abundant metallic element in the earth’s crust and is the most widely used Non-Ferrous Metals in the world. The global production of Aluminium in 2016 was 58.8 million metric tons. It exceeded that of any other metal except Iron.
DGCX Aluminium Futures contract provides a more efficient and transparent way to manage pricing risks than other product structures available for Aluminium supply chain participants. DGCX Aluminium Futures contract also provides financial participants an opportunity to trade in conjunction with similar products to gain spread opportunities arising from various supply and demand scenarios.
- Tracks and prices one of the most widely consumed Base Metals
- Traded and Cash settled in US Dollars (USD))
- Tax Free – No transaction Tax and Zero Capital Gains tax
- Basis 5 MT contract size, tick size USD $0.5
- Efficient metals trading and hedging on DGCX through a futures contracts structure
- Unique trading opportunity in the region to participate in global Aluminium markets
- Market hours encompassing the largest global liquidity pools
- Low cost structure with risk adjusted net margin offset on calendar spreads
- Traded on a globally recognized, regulated and safe platform permitting greater participation
- EFS, EFP and Block trading is permissible
Contract Specifications
Contract | Parameters |
Contract Type | Future |
Contract Name | DGCX Aluminium Contract |
Contract Symbol | DAH |
Underlying | Primary aluminium of 99.7% purity (minimum) |
Contract Size | 5 Metric Tonnes (MT) |
Notional Contract Value | 5 x Price |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | US Dollars per MT |
Tick Size | US$ 0.50 |
Tick Value | US$ 2.50 |
Settlement Basis | Cash Settled |
Final Cash Settlement Price (FCSP) | FCSP is based on reference price publicly available on the Last Trading Day |
Last Trading Day (LTD) | Two Business Days prior to the third Wednesday of the expiry month |
Trading Days | Exchange Business Days |
Trading Hours | 07:00 – 23:55 Hours Dubai time |
Trading Months | Monthly such that 6 months are available at all times |
Calendar Spread | Calendar Spread of M1-M2 and M1-M3 are available at all times |
New Contract Listing | Business Day immediately following the Last Trading Day |
Max Order Size | 200 Lots |
Wholesale Trades | Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted within 15 minutes after execution |
No Cancellation Range | See link: www.dgcx.ae/price-limits |
Contract Calendar
Contract Symbol | Contract Month | Trading Start Date | Last Trading Date | Settlement Date |
---|---|---|---|---|
DAH-20191216 | Dec'19 | 18 Jun 2019 | 16 Dec 2019 | 17 Dec 2019 |
DAH-20200113 | Jan'20 | 16 July 2019 | 13 Jan 2020 | 14 Jan 2020 |
DAH-20200217 | Feb'20 | 20 Aug 2019 | 17 Feb 2020 | 18 Feb 2020 |
DAH-20200316 | Mar'20 | 17 Sep 2019 | 16 Mar 2020 | 17 Mar 2020 |
DAH-20200409 | Apr'20 | 15 Oct 2020 | 9 Apr 2020 | 14 Apr 2020 |
DAH-20200518 | May'20 | 19 Nov 2020 | 18 May 2020 | 19 May 2020 |