DGCX provides market 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. DGCX offers these contracts for hedging and trading in a secure and regulated environment. 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 07:00 to 23:55 hours Dubai time (GMT +4)
- Overlaps most trading zones including Europe and United States
Contract Specifications
| Contract | Parameters |
| Contract Type | Future |
| Contract Name | JPY/US Dollar |
| Contract Symbol | DJPY |
| Underlying | Japanese Yen |
| Contract Size | JPY 5,000,000 |
| Notional Contract Value | JPY 5,000,000 |
| Trading Currency | USD |
| Settlement Currency | USD |
| Price Quote | US Dollars quoted in Cents per 100 JPY |
| Tick Size | US$ 0.01 |
| Tick Value | US$ 5.00 |
| Settlement Basis | Physically Delivered |
| Final Cash Settlement Price (FCSP) | FCSP is based on the publicly available JPY/USD reference rate displayed on Last Trading Day |
| Last Trading Day (LTD) | Two Business Days prior to the third Wednesday of the expiry month |
| Delivery Day | Third Wednesday of the expiry month |
| Trading Days | Exchange Business Days* |
| Trading Hours | 07:00 – 23:55 Hours Dubai time |
| Trading Months | Quarterly: March, June, September and December |
| 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 15 minutes after execution |
| Delivery Margin | 5 x initial margin |
| No Cancellation Range | See link: www.dgcx.ae/price-limits |
*See Exchange By-Laws Part M
Contract Calendar
| Expiry Month | Expiry Code | Last Trading Day | Notice Day | Delivery Day |
|---|---|---|---|---|
| Dec'24 | DJPY-20241216 | 16-Dec-24 | 16-Dec-24 | 18-Dec-24 |
| Mar'25 | DJPY-20250317 | 17-Mar-25 | 17-Mar-25 | 19-Mar-25 |
| Jun '25 | DJPY-20250616 | 16-Jun-25 | 16-Jun-25 | 18-Jun-25 |
| Sep '25 | DJPY-20250915 | 15-Sep-25 | 15-Sep-25 | 17-Sep-25 |