As emerging market currencies continue tanking lower in anticipation of the first Federal reserve rate hikes, the Dubai Gold and Commodities Exchange launches new futures contracts catering to exotics FX traders.
The Dubai Gold and Commodities Exchange (DGCX) has announced the expansion of its portfolio of more exotic FX products, adding futures on the Russian ruble, the Korean won and the South African rand.
The new futures contracts complement the DGCX emerging-FX portfolio of derivatives products which, up until now, included only the Indian rupee. The products will enhance the position of the DGCX as the largest exchange-traded FX derivatives venue in the region.
The contracts are cash settled, trading from Monday through Friday from 8:30am to 11:30pm Dubai Time (4:30am to 7:30pm GMT). The contracts are sized at USD 50,000 with the contract price quoted in US dollars.
Clearing the new offerings is the wholly owned subsidiary of DGCX, the Dubai Commodities Clearing Corporation (DCCC).
The DGCX Interim CEO, Gaurang Desai, commented in the announcement, "Emerging Market currencies have been extremely volatile in the past few years due to various macro-economic factors. The launch of the Russian Ruble, Korean Won and South African Rand Futures represents an important facet of our comprehensive and long-term Emerging Market product strategy."
"With the increasing prominence of these three currencies in the emerging - markets landscape, the launch of these contracts assumes considerable significance. The Middle East's trading links with South Africa, Russia and South Korea have been growing rapidly over the past few years and businesses transacting with these markets need to make sure that their currency price risk is managed effectively to ensure their long-term sustainability," he added.
Hedging strategies are key in transacting with volatile emerging markets' currencies with most of the region’s own currencies pegged to the value of the US dollar, which brings stability to the domestic market but increasing risks from spillover effects from lower oil prices.
Following are the full specifications of the new contracts offered.
The Dubai Gold and Commodities Exchange (DGCX) has announced the expansion of its portfolio of more exotic FX products, adding futures on the Russian ruble, the Korean won and the South African rand.
The new futures contracts complement the DGCX emerging-FX portfolio of derivatives products which, up until now, included only the Indian rupee. The products will enhance the position of the DGCX as the largest exchange-traded FX derivatives venue in the region.
The contracts are cash settled, trading from Monday through Friday from 8:30am to 11:30pm Dubai Time (4:30am to 7:30pm GMT). The contracts are sized at USD 50,000 with the contract price quoted in US dollars.
Clearing the new offerings is the wholly owned subsidiary of DGCX, the Dubai Commodities Clearing Corporation (DCCC).
The DGCX Interim CEO, Gaurang Desai, commented in the announcement, "Emerging Market currencies have been extremely volatile in the past few years due to various macro-economic factors. The launch of the Russian Ruble, Korean Won and South African Rand Futures represents an important facet of our comprehensive and long-term Emerging Market product strategy."
"With the increasing prominence of these three currencies in the emerging - markets landscape, the launch of these contracts assumes considerable significance. The Middle East's trading links with South Africa, Russia and South Korea have been growing rapidly over the past few years and businesses transacting with these markets need to make sure that their currency price risk is managed effectively to ensure their long-term sustainability," he added.
Hedging strategies are key in transacting with volatile emerging markets' currencies with most of the region’s own currencies pegged to the value of the US dollar, which brings stability to the domestic market but increasing risks from spillover effects from lower oil prices.
Following are the full specifications of the new contracts offered.
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Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
TradingPro takes the spotlight as Global Best Overall Broker 2025 at the Finance Magnates Awards.
Yusna Yusman, Head of Global Marketing, describes the night as inspiring, elegant, and full of energy.
She also shares a message of appreciation to the clients and community whose support made this achievement possible.
👉 Be part of FM Awards 2026.
#FinanceMagnatesAwards #TradingPro #Trading #Fintech #Broker #WinnerSpotlight #Shorts
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Watch the full video to see if Deriv fits your trading needs.
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In this video, we review @deriv an online broker offering CFDs and options across a wide range of markets, including forex, stocks, indices, commodities, cryptocurrencies, and derived indices.
We cover the broker’s overall offering, including its multi-jurisdiction regulatory structure, platform ecosystem, and range of account types. We also explore key features such as product availability, funding options, and trading conditions.
Watch the full video to see if Deriv fits your trading needs.
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•The rise of white-label wallets and full ecosystem control
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eWallets aren’t just moving money anymore, they’re running the show.
In this episode of FM Talks, Adonis Adoni (News Editor at Finance Magnates) sits down with Paysafe 's:
•Bob Legters, Chief Product Officer
•Jeannie Lam, VP of Sales & Account Management for Forex & Financial Trading
to break down how wallets evolved from simple payment tools into core trading infrastructure.
💥 Inside the conversation:
•Why wallets now drive growth, retention, and global scale for brokers
•The hidden power behind deposit success, fraud prevention, and UX
•Stablecoins: hype, reality, and where they actually fit today
•AI in wallets: smarter flows vs rising fraud risks
•The rise of white-label wallets and full ecosystem control
•What the future looks like when wallets become your financial brain
🔗 Learn more about @PaysafeGroup : https://www.paysafe.com/en/optimize-forex-payments-for-growth-in-2026/fm/?utm_source=fm&utm_medium=podcast&utm_campaign=2026-q1-fx-demand-gen&utm_content=podcast
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Watch the full video to see if FP Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#FPMarkets #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @fpmarkets a multi-asset forex and CFDs broker operating across multiple regulated entities worldwide.
We cover the broker’s overall offering, including its regulatory structure, trading platforms, as well as its account types and product range. We also explore key considerations for traders in Asia, including entity differences, leverage, and market access.
Watch the full video to see if FP Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#FPMarkets #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
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Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
