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
Contract Specifications
Contract Group | Contract Name | Contract Symbol | Contract Size | Tick Size | Tick Value |
1 | Alphabet INC | DGOOGL | 5 | 0.2 | 1 |
2 | Apple INC | DAAPL | 50 | 0.02 | 1 |
2 | Facebook INC | DFB | 50 | 0.02 | 1 |
3 | JP Morgan INC | DJPM | 100 | 0.01 | 1 |
3 | Microsoft INC | DMSFT | 100 | 0.01 | 1 |
Contract Type | Future |
Contract Name | Single Stock Futures (SSFs) |
Contract Symbol | See attached for individual SSF symbols |
Underlying | Relevant equity listing |
Contract Size | Group 1: 5 shares; Group 2: 50 shares; and Group 3: 100 shares |
Notional Contract Value | Relevant number of shares x price |
Trading Currency | USD |
Settlement Currency | USD |
Price Quote | US Dollars |
Tick Size | Group 1: 0.20; Group 2: 0.02; and Group 3: 0.01 |
Tick Value | US $ 1 |
Settlement Basis | Cash Settled |
Final Cash Settlement Price (FCSP) | FCSP is based on the closing price of the underlying equity on Last Trading Day |
Last Trading Day (LTD) | Third Friday of the expiry month |
Trading Days | Exchange Business Days* |
Trading Hours | 07:00 – 23:55 Hours Dubai time |
Trading Months | Monthly contracts for two months forward |
New Contract Listing | Business Day immediately following the Last Trading Day |
Max Order Size | 1,000 Lots |
Wholesale Trades | Block Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution |
No Cancellation Range | See link: www.dgcx.ae/price-limits |
*See Exchange By-Laws Part S
Contract Calendar
Expiry Month | Expiry Code | Last Trading Day |
---|---|---|
Alphabet Inc Futures | ||
Dec'24 | DGOOGL-20241220 | 20-Dec-24 |
Jan'25 | DGOOGL-20250117 | 17-Jan-25 |
Apple Inc Futures | ||
Dec'24 | DAAPL-20241220 | 20-Dec-24 |
Jan'25 | DAAPL-20250117 | 17-Jan-25 |
Facebook Inc Futures | ||
Dec'24 | DFB-20241220 | 20-Dec-24 |
Jan'25 | DFB-20250117 | 17-Jan-25 |
JP Morgan Chase Futures | ||
Dec'24 | DJPM-20241220 | 20-Dec-24 |
Jan'25 | DJPM-20250117 | 17-Jan-25 |
Microsoft Corporation Futures | ||
Dec'24 | DMSFT-20241220 | 20-Dec-24 |
Jan'25 | DMSFT-20250117 | 17-Jan-25 |