Targeting further widening of the scope of being a central place for foreign exchange derivatives trading in the Middle East, the Dubai Gold and Commodities Exchange (DGCX) has been expanding its FX product scope for the past year.
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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.