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DGCX launches new silver, oil contracts

|By TAP Staff| The Dubai Gold and Commodities Exchange (DGCX) said it would list two new futures contracts to trade this week.

The first, the India Silver Quanto Futures contract, would trade before and after the closure of Indian markets to offer traders increased trading opportunities and would be cash settled and denominated in U.S. dollars.

The second contract will be the Mini WTI contract sized at 100 barrels and will look to provide market participants cross margin benefits with the exchange’s existing WTI futures contract.

“The introduction of a Mini sized WTI contract is a logical step to ensure our participants have greater accessibility to the energy markets,” CEO Gaurang Desai said in a statement.

“The Mini WTI contract will enable price discovery for many new market participants, offering protection and hedging opportunities to all,” he said.