DGCX Has Chinese Yuan & Turkish Lira Futures on the Agenda for H2 2015

Targeting further widening of the scope of being a central place for foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term derivatives trading in the Middle East, the Dubai Gold and Commodities Exchange (DGCX) has been expanding its FX product scope for the past year.

After launching non-dollar Indian rupee crosses in October and expanding its product range with the addition of Russian ruble, Korean won and South African rand futures, the company is planning another set of new offerings.

Trading Chinese yuan and Turkish lira currency futures on DGCX is likely to become available in the second half of 2015, according to a conference speech by the exchange's Chief Business Officer, Ian Wright.

Agricultural commodities are also on the agenda for 2015, with soybean oil, black pepper and pulses to be launched later in 2015. In November this year the DGCX will celebrate ten years on the market.