WTI (West Texas Intermediary) is one of the premier oil benchmarks in the world. The use of WTI as a pricing mechanism extends far beyond its local and refined export markets. With production accounting for over 10% of global demand, and pricing accounting for over 25% of global supply, the DGCX WTI futures contract provides accessibility to the global energy market to a wider range of participants.

Paired with the DGCX’s existing USD currency suite, the WTI futures contract will draw a stronger appeal to existing contracts on other global exchanges which are of a larger size. The DGCX WTI contract will help facilitate price discovery by new market participants, offering protection and hedging opportunities to all.

  • Trade your views, tax free on the international Crude oil market
  • Arbitrage opportunity with global commodity exchanges as well as existing DGCX Mini WTI Futures contract.
  • Low cost structure with 100% trading margin credit against the major DGCX Mini WTI Futures contract, as well as the main WTI contract spreads.
  • Greater access to international energy markets with clear, understandable regulations
  • Unique trading opportunity in the region to participate in global oil markets
  • Larger contract size in line with other global exchanges
  • USD denominated, Cash settled with a tick size of USD $10
  • Tax Free – No transaction Tax and Zero Capital Gains tax
  • Market hours encompassing the largest global liquidity pools
  • Basis 1,000 Barrels contract, traded on a secure regulated marketplace

Contract Specifications

ContractParameters
Contract TypeFuture
Contract NameDGCX West Texas Intermediate (WTI) Oil Futures
Contract SymbolDWTI
UnderlyingDGCX West Texas Intermediate Light Sweet Crude Oil
Contract Size1,000 Barrels (42,000 Gallons)
Notional Contract Value1,000 x Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars and Cents per Barrel
Tick SizeUS$ 0.01
Tick ValueUS$ 10
Settlement BasisCash Settled
Final Cash Settlement Price (FCSP)FCSP is based publicly available reference price as displayed on the Last Trading Day
Last Trading Day (LTD)Four Business Days prior to the 25th Calendar Day of the month preceding the expiry month (e.g. the March contract will expire on the fourth Business Day prior to the 25th of February)
Trading DaysExchange Business Days*
Trading Hours07:00 – 23:55 Hours Dubai time
Trading MonthsMonthly contracts for three months forward
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
No Cancellation RangeSee link: www.dgcx.ae/price-limits

Contract Calendar

Expiry MonthExpiry CodeLast Trading Day
Dec'24DWTI-2024111919-Nov-24
Jan'25DWTI-2024121818-Dec-24
Feb'25DWTI-2025011717-Jan-25