26.6.13

DGCX to list Sensex Futures

The Dubai Gold and Commodities Exchange (DGCX) has announced it will launch a futures contract based on Sensex, the benchmark index of the Bombay Stock Exchange (BSE).
The contract will be formally listed by DGCX on July 5, 2013. The DGCX Sensex Futures will be the first Indian index futures to be introduced to the Middle East and North Africa (MENA) region.
Considered the most accurate gauge of the Indian market, the Sensex Index tracks the performance of 30 of the largest and most heavily traded stocks in the country, DGCX said in a statement.
Once listed, DGCX Sensex Futures will provide unique trading opportunities for international investors seeking access to India's economy. The contract, denominated in US dollars, will use the same settlement methodology and calculations as its underlying index, the Sensex.
The launch follows DGCX's extremely successful Indian rupee contracts, which continue to generate record trading volumes.
The listing of Sensex Futures also marks DGCX's introduction of Equities as a new asset class on the Exchange.

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