DCGX launches first rupee futures contract


The Dubai Gold and Commodities Exchange (DGCX) will launch the first Indian rupee futures contract in June.

The electronic commodities exchange developed the product over the past nine months in response to a substantial move in the rupee and demand from its members, says DGCX chairman Colin Griffith.

The DGCX will list one-, two- and three-month contracts, in addition to those listed on a quarterly basis. Each contract will represent 2 million rupees, and prices will be quoted in US cents per 100

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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