The Dubai Gold and Commodities Exchange (DGCX) is stepping its efforts to further spur trading in the Indian rupee, as the focus of the Exchange on emerging markets strengthens. The Exchange will remove the trade fees for Mini Indian Rupee (DINRM) futures from August.
The Trade Fee will be waived off for all trades on Mini Indian Rupee (DINRM) Futures contracts starting Monday, August 03, 2015 until the year end, Thursday, December 31, 2015.
All transactions executed on or after Friday, January 1, 2016 in the (DINRM) contract shall be subject to transaction charges as per the current fees prescribed in the Notice No. MKTG-2014-030 dated September 15, 2014 and Notice No. COMP-2015-016 dated June 09, 2015.
The DGCX has been enhancing its emerging markets offering over the last year. To mention some of the latest additions to the instruments lineup, let’s note the India Gold Quanto Futures, Indian Rupee Quanto Futures and Mini Dubai Polypropylene Futures introduced early in June 2015.
To download the official announcement by DGCX, click here.