DGCX to launch two new crude oil futures contracts

Two new crude oil futures products will be launched by the Dubai Gold & Commodities Exchange (DGCX) on 27 May.

DGCX West Texas Intermediate and Brent crude futures contracts will be available to regional and international market participants.

Traders will benefit from trading and clearing transactions under the United Arab Emirates (UAE) regulatory and taxation regimes, according to DGCX.

"Since the start of trading in November 2005, DGCX has demonstrated the existence of large liquidity pools in the Middle East and the growing need of market participants to access viable risk management and investment

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