DGCX Gears up for Chinese Yuan Futures Contracts Amidst Growing Demand
- The launch represents DGCX’s latest efforts to facilitate the use of the yuan to both regional and global participants.
The Dubai Gold and Commodities 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 (DGCX) is slated to launch a Chinese Yuan Futures contract over the next couple weeks, pending the requisite regulatory approvals, according to a DGCX statement.
The launch represents DGCX’s latest efforts to facilitate the use of the yuan to both regional and global participants amidst a parallel effort by China to help prioritize the trading and internationalization of its currency.
Earlier this month, the International Monetary Fund (IMF) added the RMB to its global currency reserve basket, a huge move for China as well as the currency in helping solidify it as a worldwide force. The decision followed after years of efforts by China to help demonstrate that its currency had met a plethora of requirements and regulations.
As for the DGXC’s new contract, the instrument will be financially settled on the same day as other offshore equity index futures, which will hold a value of $50,000. Subsequently, the DGCX will also give an outright quote on the USD/CNY offshore foreign exchange (FX) rate, whilst enable traders to settle in USD should they so choose. Intermarket trading will also be available with other global exchanges currently offering the contract, which DGCX has reiterated will be tax-free.
The new contract is important as it will help satiate a growing appetite for offshore currency Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools, as well the interest in the CNH. In addition, the DGCX will be strategically placing itself to capture any inherent rise in the CNH’s use in the upcoming years.
According to Gaurang Desai, CEO of the DGCX, in a recent statement on the launch, “The launch of this contract perfectly complements the development of DGCX as the region’s leading derivatives exchange.”
“We are committed to providing the products that our participants want and are continuing with our ‘outside-in and inside-out’ approach, meaning we market regional products to global investors and global products to regional investors. We are providing a unique trading opportunity in the region to get involved in the Chinese currency market. Our participants are also able to trade DGCX commodities with Chinese Yuan exposure, and we believe this is a true advantage for our customers,” he added.
The Dubai Gold and Commodities 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 (DGCX) is slated to launch a Chinese Yuan Futures contract over the next couple weeks, pending the requisite regulatory approvals, according to a DGCX statement.
The launch represents DGCX’s latest efforts to facilitate the use of the yuan to both regional and global participants amidst a parallel effort by China to help prioritize the trading and internationalization of its currency.
Earlier this month, the International Monetary Fund (IMF) added the RMB to its global currency reserve basket, a huge move for China as well as the currency in helping solidify it as a worldwide force. The decision followed after years of efforts by China to help demonstrate that its currency had met a plethora of requirements and regulations.
As for the DGXC’s new contract, the instrument will be financially settled on the same day as other offshore equity index futures, which will hold a value of $50,000. Subsequently, the DGCX will also give an outright quote on the USD/CNY offshore foreign exchange (FX) rate, whilst enable traders to settle in USD should they so choose. Intermarket trading will also be available with other global exchanges currently offering the contract, which DGCX has reiterated will be tax-free.
The new contract is important as it will help satiate a growing appetite for offshore currency Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools, as well the interest in the CNH. In addition, the DGCX will be strategically placing itself to capture any inherent rise in the CNH’s use in the upcoming years.
According to Gaurang Desai, CEO of the DGCX, in a recent statement on the launch, “The launch of this contract perfectly complements the development of DGCX as the region’s leading derivatives exchange.”
“We are committed to providing the products that our participants want and are continuing with our ‘outside-in and inside-out’ approach, meaning we market regional products to global investors and global products to regional investors. We are providing a unique trading opportunity in the region to get involved in the Chinese currency market. Our participants are also able to trade DGCX commodities with Chinese Yuan exposure, and we believe this is a true advantage for our customers,” he added.