Gold & SilverTrading
Currency Trading
Commodity Trading

Quick Move: Gold Trading | Silver Trading

Throughout history Dubai has played a significant role in the global gold market and is now a bullion centre of international significance. Popularly known as the 'City of Gold', Dubai is ideally located amidst a large consumer market, and uniquely positioned to channel gold from the international market to its ultimate destination.

Arab Global aim is to facilitate the development and expansion of the local and regional precious metals market. The company will work with partners both regionally and internationally to promote the highest global standards in product and service development, while simultaneously encouraging greater transparency to the benefit of all its clients.

Perhaps no other market in the world has the universal appeal of the gold market. For centuries, gold has been coveted for its unique blend of rarity, beauty, and near indestructibility. Nations have embraced gold as a store of wealth and a medium of international exchange, and individuals have sought to possess gold as insurance against the day-to-day uncertainties of paper money.

Trading in gold futures and options provides individual investors with an easy and convenient alternative to traditional means of investing in gold -- such as bullion, coins, and mining stocks. In addition, a broad cross-section of companies in the gold industry, from mining companies to fabricators of finished products, can use gold futures and options contracts to hedge their price risk.

We offer gold futures trading at the UAE's first commodity exchange, DGCX. The gold futures trades on the DGCX's state of the art electronic system. Our customers can trade gold futures wherever, and whenever, they please.




DGCX commenced its trading operations with futures contracts in gold to be followed by options contracts in gold. The gold contract unit is 1 kilogram of gold (0.995 fineness) deliverable at DGCX approved vaults in the United Arab Emirates (UAE).

Dubai Gold Contract Specifications Trading

Contract Size 32 troy ounces. (1 kg)
Quality Specification 0.995 purity, as per Dubai Good Delivery Standard
Trading Months Feb, Apr, Jun, Aug, Oct and Dec
Last Trading Day Business Day immediately preceding sixth Delivery Day
New Contract Listing On the last Delivery Day
Price Quote US$ per troy ounce
Minimum Tick Size US$ 0.10
IPrice Movement Limit US$ 30 - Note *
Max Open Position
Limit
As determined and specified by the Exchange
Max Order Size 200 contracts
Trading Days
Opening: Monday through Friday
Later: Saturday through Friday
Trading Hours Banks and institutions promoted by Banks - 500 Lots All other entities - 200 Lots
Note*: If price breaches the daily price movement limit, trading in particular contract shall continue but, within the current daily range for next 15 minutes. There-after the new trading range will become applicable. However, if the price movement limit is breached during the first or last 30 minutes of trading on any business day, the new range will be applicable immediately.

Margins

Initial Margin US$ 850 per contract
Spread Position Margin Where multiple positions exist, full margin will be charged on the higher side and no margin will be charged on the smaller position.
Extra Margin In case of additional volatility, an Extra Margin as deemed fit by the Exchange; will be imposed on all open positions.
Delivery Period Margin US$ 4,250 per contract is applicable during the last six trading days for all open long or short positions that have not been liquidated.


Delivery related information

Delivery Unit 1 Kg (31.99 troy ounces)
Deliverable Weight 1 Kilogram cast in one bar
Deliverable Quality 0.995 fineness
Approved CMI / Assayers Names as listed on the DGCX website.
Approved Refiners Names as listed on the DGCX website.
Approved Vaults
Names as listed on the DGCX website.
Delivery Period First through Sixth Delivery Day of the Delivery Month
First Notice Day Business Day immediately preceding First Delivery Day
Last Notice Day Business Day immediately preceding Sixth Delivery Day
Delivery Process Compulsory Delivery as allocated by the Exchange on a random basis
Vault charges Rates applicable as published on the DGCX website.
Delivery Instrument Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only)

The silver future contracts were launched on 28th March 2006. The silver contract is for 1,000 troy ounces of silver (min 0.999 purity) and deliverable at DGCX approved vaults in the UAE.

Dubai Silver Contract Specifications Trading
Contract Size 1,000 troy ounces.
Quality Specification Min 0.999 purity, as per Dubai Good Delivery Standard
Trading Months Mar, Jul, Sep and Dec
Last Trading Day Business Day immediately preceding sixth Delivery Day
New Contract Listing On the last Delivery Day
Price Quote US$ quoted in Cents per troy ounce
Minimum Tick Size US$ quoted in Cents - 0.5 Cent
Price Movement Limit US$ quoted in Cents - 75 Cents - Note 1*
Max Open Position
Limit
As determined and specified by the Exchange
Max Order Size 200 contracts
Trading Days Opening: Monday through Friday Later: Saturday through Friday
Trading Hours M/F 1000 - 2230 Hrs (one hour earlier in the summer) Sat: 1000 - 1300 Hrs Sun: 1800 - 2100 Hrs
Note 1*: If price breaches the daily price movement limit, trading in particular contract shall continue but, within the current daily range for next 15 minutes. There-after the new trading range will become applicable. However, if the price movement limit is breached during the first or last 30 minutes of trading on any business day, the new range will be applicable immediately.
Margins
Initial Margin US$ 1000 per contract
Spread Position Margin Nil on matched positions.
Extra Margin In case of additional volatility, an Extra Margin as deemed fit by the Exchange; will be imposed on all open positions.
Delivery Period Margin US$ 5,000 per contract is applicable during the last six trading days for all open long or short positions that have not been liquidated.


Delivery related information
Delivery Unit 30 Kg
Deliverable Weight 30 Kilograms cast in one bar of 1,000 troy ounces (10% more or less)
Deliverable Quality Minimum 0.999 fineness - Note 2*
Approved CMI / Assayers Names as listed on the DGCX website.
Approved Refiners Names as listed on the DGCX website.
Approved Vaults
Names as listed on the DGCX website.
Delivery Period First through Sixth Delivery Day of the Delivery Month
First Notice Day Business Day immediately preceding First Delivery Day
Last Notice Day Business Day immediately preceding Sixth Delivery Day
Delivery Process Compulsory Delivery as allocated by the Exchange on a random basis
Vault charges Rates applicable as published on the DGCX website.
Delivery Instrument Dubai Gold Receipt (i.e. Standard DGR along with validated Refiner's certificate or CMI-Certified DGR only)
Note 2*: If Silver of higher fineness is delivered, no premium shall be paid.
 
Products
Tech Charting
Research
Institutional Desk
Managed Account


Gold Trading?
Currency Trading?
Commodity Trading?
 
Home  |  Downloads  |  Feedback  |  Contact Us  |  Site Map | FAQ | Privacy Policy
© 2006 Arab Global. All rights reserved.