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The Dubai Gold and Commodities Exchange (DGCX) will host a seminar on September 25 to educate UAE-based businesses, financial institutions, exporters and private investors about trading in Indian rupee options contracts.
The seminar, titled, ‘Fundamentals of Trading Indian Rupee Options on DGCX’, will focus on the modalities of trading in these contracts, how they can be used as risk management tools, the benefits of trading on a Dubai exchange and how to access the markets.
DGCX is the only exchange outside of India to offer futures trading in the Indian rupee.
The educational seminar will include a presentation by Meng Chan Shu, the Head of Product Development at DGCX, and will also discuss dollar options.
The exchange provides an environment in which to trade Indian rupee futures electronically and has experienced a significant increase in trading activity in the futures segment in the past 12 months, according to a release.
Volumes are up 800 per cent year-on-year and as of today, Indian rupee futures with a notional value of $1 billion are traded on the DGCX every day, it said.
The launch of options on INR futures will allow DGCX participants to adopt more hedging strategies and manage price risks in the current volatile market environment, it said.
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