In a statement issued on Thursday, October 16, 2014, the Dubai Gold and Commodities Exchange (DGCX) announced launching two Mini Indian Rupee (INR) futures contract denominated in Euro and British Pound.
This is part of DGCX’s continued strategy to build our product offering around the success of our INR contract.
DGCX is the reference market for on-exchange INR futures with a market share of more than 35%, the statement highlighted, adding that the DGCX is the largest liquidity pool for INR futures outside India.
These new contracts will provide the international market with additional tools to manage their price risk and exposure to foreign currencies as well as new arbitrage opportunities, it concluded.
This is part of DGCX’s continued strategy to build our product offering around the success of our INR contract.
DGCX is the reference market for on-exchange INR futures with a market share of more than 35%, the statement highlighted, adding that the DGCX is the largest liquidity pool for INR futures outside India.
These new contracts will provide the international market with additional tools to manage their price risk and exposure to foreign currencies as well as new arbitrage opportunities, it concluded.
Source:
Mubasher Exclusive
