A futures contract
is an agreement to buy or sell a predetermined amount of a commodity or financial product on a specified date.
Among the new products offered by DME is the Oman Crude Oil/Platts Dubai Crude Oil Futures contract
(code DOP) which helps customers match their hedging exposure for crude from Saudi Arabia, the world's largest exporter of crude oil.
The PMEX wheat futures contract
has been modelled in such a way that it would provide the processors an opportunity to procure good quality wheat.
DGCX India Silver Quanto Futures contract
will provide an opportunity to take price views and trading opportunities for offshore traders on Indian silver markets - the second biggest silver consuming countries in the world.
International Resource News-March 19, 2014--CME to introduce North American physically delivered Aluminium futures contracts
The listing of our polypropylene futures contract
will fill this gap.
Gary Anderson, CEO of DGCX, said: "The price of plastics fluctuates, as does the price of other commodities, but currently market participants in the region do not have the ability to hedge against price fluctuations via a futures contract
. We believe this is the opportune time to launch our plastic futures contract
in the region, allowing market participants in the plastics supply chain, including producers, traders, convertors and end-users to hedge their polymer price risk."
"As a part of our regular and ongoing contract review process, and working together with a broad cross section of industry participants, we have identified several wheat futures contract
modifications to ensure the contract continues to meet customer trading and risk management needs," said Tim Andriesen, managing director for agricultural commodities and alternative investments at CME.
If property is delivered in satisfaction of a securities futures contract
to acquire property, the holding period for the property will include the period the taxpayer held the contract, provided that the contract was a capital asset in the hands of the taxpayer.
Brent front month (Platts) swap futures contract
will be listed for three consecutive months; the Argus biodiesel RME Barges Rotterdam swap futures contract
will be listed for 24 consecutive months; and the Group Three contracts will be listed for 36 consecutive months.
DUBAI: Dubai Gold & Commodities Exchange (DGCX) yesterday announced changes to its Indian rupee futures contract
The DME Brent Crude Oil Financial Contract will be cash-settled against ICE's Brent Crude Futures Contracts
, while the DME Oman Crude Oil Financial Contract will be cash-settled against the DME Oman Crude Oil Futures Contract
This follows the successful launch of the Exchange's benchmark Oman crude oil futures contract
last year amid record volumes and open interest last month.
By entering the delivery period, the short hedge has the net effect of locking the delivery price of the electricity at the futures contract
price on June 8, of 56.25 [euro]/MWh.
DGCX, the region's only commodities derivatives market, plans to introduce a gasoline futures contract
in 2007, the only product of which the Middle East region as a whole is a net importer.