Breaking News

Dubai's DGCX launches Pakistan rupee futures contract

April 20, 2021
finance & economy

The contract will provide members and their clients with the ability to hedge exposure to the Pakistani Rupee

The Dubai Gold & Commodities Exchange (DGCX) has launched a Pakistani Rupee (PKR) Futures Contract, which is now available for trading.

The first-of-its-kind on any regulated exchange in the world, the contract will provide members and their clients with the ability to hedge exposure to the Pakistani Rupee.

It will also provide trading opportunities against the wide range of existing foreign exchange currency products that DGCX makes available for trading, the exchange said in a statement.

The contract size is 2,000,000 of base currently (PKR) and will be traded and cash settled in US dollars (USD) based on publicly available reference prices displayed on the last trading day.

zawya

Top News



finance & economy

UPL Announces Collaboration With Meiji f...
May 13, 2021
SentinelOne Named a Leader in the 2021 G...
May 13, 2021
Eaton to Supply DC-DC Converters for New...
May 13, 2021