DCGX to launch currency contracts


The Dubai Gold and Commodities Exchange (DGCX), which started operations in November 2005, is set to become the first Middle East bourse to list currency futures.

Following the go-ahead from the Emirates Securities and Commodities Authority, the exchange said on March 27 that it will launch deliverable futures contracts based on euro, yen and sterling exchange rates against the US dollar. The contracts will mature in March, June, September and December each year. The announcement came a day a

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