The DGCX, the world's newest online commodities derivatives exchange is the first international commodities derivatives market in the Middle East region and, therefore, the first in the critical time zone between the markets of Europe and the Far East. DGCX is a joint venture between the Dubai Metals and Commodities Centre (DMCC) - Government of Dubai, Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX).

The Exchange features -

* A fully automated, state of the art, electronic trading platform accessible from anywhere in the world.
* Trading hours of 10:00 am - 11:00 pm ( 1:00 AM - 2:00 PM US Eastern Time )
* An effective regulatory structure.
* Futures and Options trading on a range of commodities.
* Robust risk management and surveillance systems.
* Settlement guarantees provided by Dubai Commodities Clearing Corporation (DCCC).

The DGCX trades US $ denominated standardized futures contracts and options on futures contracts. Futures are ‘classic’ futures, with designated delivery months. Dubai has an impressive history and established trade in the precious metals industries. The DGCX gold futures contract specifications have been developed in consultation with the precious metals trade. The gold contract unit is 1 kilogram of gold (0.995 fineness) deliverable at DGCX approved vaults in the United Arab Emirates (UAE).