 "Sensex futures trading on Dubai bourse gathers steam")
Trading in Sensex futures on the Dubai Gold and Commodities Exchange (DGCX) increased 40.6 per cent month-on-month in April, according to Bloomberg data. A total of 11,536 DGCX Sensex futures contracts were traded during the month.
So far in May, about 8,000 contracts have already been traded on the Dubai bourse.
The value of one contract is the Sensex value in dollar terms. For instance, if the Sensex value is 22,334, one Sensex futures contract on DGCX will cost $22,334. The initial margin per contract is $600.
Trading in Sensex on DGCX offers non-resident Indians in West Asia an opportunity to bet on the Indian markets. Trading in Sensex futures on DGCX was launched in July 2013. The contract is traded for sixteen and a half hours, from 7:00 am to 11:30 pm local time from 8:30 am to 1:00 am India time.
So far in May, about 8,000 contracts have already been traded on the Dubai bourse.
The value of one contract is the Sensex value in dollar terms. For instance, if the Sensex value is 22,334, one Sensex futures contract on DGCX will cost $22,334. The initial margin per contract is $600.
Trading in Sensex on DGCX offers non-resident Indians in West Asia an opportunity to bet on the Indian markets. Trading in Sensex futures on DGCX was launched in July 2013. The contract is traded for sixteen and a half hours, from 7:00 am to 11:30 pm local time from 8:30 am to 1:00 am India time.