DGCX to re-start trading in Rupee Options contract this month

Dubai Gold and Commodities Exchange (DGCX) will re-start Indian Rupee Options contract trading from July 18.
The trading in this contract was temporarily suspended in 2013 to facilitate migration to a new trading infrastructure.
In a statement, DGCX said the new advanced trading infrastructure would support high volumes in innovative products such as Indian Rupee options.
Each DGCX Indian Rupee Options contract represents one Indian Rupee Futures contract of two million rupees. Prices are quoted in US Cents per 100 Indian Rupees.
"The re-listing of the Indian Rupee options contract further widens opportunities to trade Emerging Market contracts on the exchange.

"The contract will build on the success of DGCX's Indian product offering, which has seen significant growth in trading over the past year," DGCX CEO Gary Anderson said.

This year, the DGCX Indian Rupee futures contract increased its share of the total value of Indian Rupee futures traded globally to 40 per cent, he noted.
The new platform would 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, the statement said.
DGCX is the only exchange outside India to offer trading in both futures and options in the Indian Rupee.

"Rupee options contracts launched by Indian exchanges have proven to be highly successful, which augurs well for the success of the DGCX Rupee options contract," it added.
The Indian Rupee Options contract can be traded Monday through Friday.