Tag: Dubai Forex market

May 02, 2016 BY Maria Nikolova

DGCX sees YTD trading volume exceed 6 million contracts

Dubai Gold & Commodities Exchange (DGCX) today announces that its year-to-date (YTD) trading volume topped 6 million contracts in April 2016, marking a rise of 45% over the same period last year whilst maintaining a steady Average Daily Open Interest of 109,487 contracts. The increase in overall volumes was mainly driven by DGCX’s currency segment,…

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February 09, 2016 BY Maria Nikolova

Dubai Commodities Clearing Corporation changes margin requirements for certain futures contracts

Dubai Commodities Clearing Corporation (DCCC) will implement new margin requirements for a set of 17 Forex, energy and metals contracts and 12 equities futures contracts, effective Wednesday, February 10th. The company will cut the amount of initial margin required for trading: AUD/USD, EUR/USD, INR/GBP, CHF/USD, Copper. The margin required will be raised for Gold (Spot…

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January 11, 2016 BY Maria Nikolova

DGCX revises margin requirements for selected currency, metal futures contracts

The Dubai Gold & Commodities Exchange (DGCX) is changing initial margin requirements for several currency and metals contracts, with the changes effective Monday, January 11th. The changes will affect the Copper, INR/GBP, USD/KRW, USD/RUB and USD/ZAR contracts. The initial margin will be reduced for the USD/KRW contracts whereas the other contracts will see higher margin…

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November 11, 2015 BY Maria Nikolova

ICM Capital unveils inaugural UAE partnership

UK FCA regulated FX broker ICM Capital Limited has made an important step towards expansion in the Middle East Forex market. The company has announced an UAE partnership with Mohammad and Abdulla Habib Al Mulla. The new ICM Capital office was legally structured by Baker and McKenzie Habib Al Mulla. The office address is Building 3,…

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November 05, 2015 BY Maria Nikolova

DGCX to change margin requirements for a number of futures contracts

Dubai Gold & Commodities Exchange (DGCX) has informed its participants of pending changes to initial margin requirements for a raft of futures contracts, including popular Forex futures contracts and energy contracts. The changes will be effective from November 9, 2015. The size of required margin will be reduced for INR/EUR, JPY/USD, USD/RUB, as well as…

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