Reuters said that the two firms are fighting over an options contract
to purchase Ripple's digital currency, XRP.
DGCX's new advanced trading infrastructure, built in partnership with leading global financial technology provider Cinnober, will support heightened trading in the options contract
DGCX's new advanced trading infrastructure, built in partnership with global financial technology provider Cinnober, will support trading in the options contract
The launch of the options contract
will build on the success of the DGCX Indian Rupee Futures contract, which has experienced significant growth in demand over the past year, it added.
The provision of an Indian rupee options contract
will enable us to build on the exceptional volume growth achieved by our Indian rupee futures contract over the last 12 months and meet member demand to further strengthen our rupee offering," said Eric Hasham, CEO of DGCX.
last trading day--the last day that a futures or options contract
can be traded before the contract month expires.
The new cleared freight options contracts
would be for Panamax bulk carriers and would be based on the daily PM4TC (daily basket index of four panamax time charter routes) from the Baltic Exchange in London, UK.
In general, these authors demonstrate that the option price or premium is a function of the time remaining to expiration or the time value of the option, the price volatility of the underlying commodity, and other characteristics of the options contract
Gary Anderson, CEO of Dubai Gold and Commodities Exchange said: The re-listing of the Indian Rupee options contract
further widens opportunities to trade Emerging Market contracts on the Exchange.
JRG International became the first company in the world to execute the first trade in the Indian Rupee Options Contract
outside India through DGCX.
Eric Hasham, Chief Executive Officer of DGCX said, "The provision of an Indian Rupee Options contract
will enable us to build on the exceptional volume growth achieved by our Indian Rupee futures contract over the last 12 months and meet member demand to further strengthen our INR offering.
The Dubai Gold and Commodities Exchange (DGCX) is set to expand its Indian Rupee (INR) product offering with the launch of an INR Options Contract
on September 26, 2011.