Dubai bourse to relist Indian rupee options contract

Dubai: The Dubai Gold and Commodities Exchange (DGCX) Wednesday announced the re-listing of its Indian rupee options contract, which was temporarily suspended in 2012 to facilitate migration to a new trading infrastructure, with trading restarting July 18.

The DGCX’s new advanced trading infrastructure, built in partnership with leading global financial technology provider Cinnober, will support heightened trading in the options contract.

The new EOS platform will help the exchange to support high volumes in innovative products such as Indian rupee options.

“The re-listing of the Indian rupee options contract further widens opportunities to trade emerging market contracts on the exchange,” Gary Anderson, the chief executive officer of DGCX, said.

“The contract will build on the success of DGCX’s Indian product offering, which has seen significant growth in trading over the past year. This year, the DGCX Indian rupee futures contract increased its share of the total value of Indian rupee futures traded globally to 50 per cent,” he added.

The EOS platform, which last month completed its first upgrade, will support the introduction of a range of innovative contracts including the upcoming spot gold contract, as well as new emerging market, equity and agricultural products.