Dubai Gold & Commodities Exchange to launch rupee options contract
26 Jul 2011
(MENAFN) The Dubai Gold and Commodities Exchange (DGCX) CEO, Eric Hasham, said that the exchange would start Indian rupees options contract in this year’s third quarter, in a bid to extend the exchange’s rupee derivative offerings, reported Gulf News.
Currently DGCX has rupee futures trading. The exchange had attracted huge volumes on its futures contracts. The exchange would start the new contract is September.
In other markets, including India, traders have been using the combination of futures and options combination to hedge the risks effectively boosting volumes in both types of contracts.
It is worth noting that some traders said the market needs more awareness of the product to use this new risk management tool effectively.