Emirates NBD Securities launches trading in Dubai Gold and Commodities Exchange (DGCX)
Emirates NBD Securities
is delighted to inform
that we have started
operations on DGCX
listed commodity and
currency futures
effective 24th March
2010. The Exchange
offers futures trading
on Gold, Silver, Crude
Oil and major currencies
like GBP, EUR, JPY and
INR. This would broad
base our product
offering and enable
customers to have an
additional trading
platform, removing the
total dependency on
local Equity markets.
The benefits of this
initiative are:
- Low Investment Requirement for futures trading is the main attraction. A customer can start trading for an amount as low as USD 5,000.
- The products offered have global pricing and are quoted all over the world unlike the Equities Market where the trading is localized.
- The pricing of the products is in line with the prices quoted on global markets.
- The exposure is for a limited period and the contracts have maximum validity between 2 to 4 months by which time the contracts have to be closed.
- Our commission rates are most competitive and priced at USD 7.50 per contract unlike standard pricing as applicable to local Equities.
- The trading is insulated from local sentiments and movements in pricing offer entry and exit opportunities on a daily basis.
- The commodity and currency markets are matured markets, which gives the investor to either go “Long” or “Short” depending on the investor view hence trading opportunity is available for both “Bulls” and “Bears”. This feature is not available in local markets.
- The contract margins are pre-funded by the investors, and an additional cushion of 100 percent obtained from investors, which takes care of Mark to Market process on daily basis and chances of loss on us are minimal.
For further information on trading in DGCX, please contact us at +9714-7038304 or +9714-7038348.
