Dubai Gold & Commodities Exchange (DGCX) on Tuesday announced that it is accepting applications for Designated Market Maker Status in a set of contracts, including 18 currency futures contracts.
The DMM Scheme will run for a period of 12 months, starting from April 1, 2016 to the close of business on the March 31, 2017. Applicants should complete and submit the provided DMM Application Form by close of business on the Monday, January 4, 2016.
The Designated Market Maker (DMM) Scheme seeks to boost liquidity in the DGCX Futures Contracts by inviting applicants who can partner the Exchange in co-developing selected products by providing competitive two-way price quotes, encourage participation of traders by facilitating entry and exit at competitive prices that may closely mirror the reference market wherever applicable.
The DMM Scheme is open to all existing Broker and Trade Members and also to all Clients with a Broker Clearing Member.
The futures&options contracts covered by the scheme are based on currencies, metals, equities, energy and agro assets. Below is a list of the currency contracts:
To view the full notice from DGCX, click here.