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Options

Options

When people think of options, the stock market often comes to mind. However, the foreign exchange market also provides the opportunity to trade these unique financial instruments. Options offer retail traders a range of possibilities to manage risk and increase profits.

In the realm of finance, a foreign exchange option (referred to as FX option or currency option) is a derivative instrument that grants the right, but not the obligation, to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date.

DGCX offers Options on INR Futures, expanding the trading possibilities for market participants. These options create opportunities for versatile trading strategies, whether utilized independently or in combination with INR futures. Traders can design strategies that align with their risk profiles and time horizons.

As options are based on futures contracts, they provide a means for market participants to hedge against volatile fluctuations in INR futures prices. This protection mirrors the use of futures contracts to guard against price swings in the underlying INR spot market. All options trades are cleared through the Dubai Commodity Clearing Corporation (DCCC), ensuring a secure and reliable clearing process.

MetaTrader 5

Contract NameContract CodeCurrencyInitial Margin
Australian Dollar/USD FuturesDAUDUSD950
Canadian Dollar/USD FuturesDCADUSD850
Swiss Franc/USD FuturesDCHFUSD950
Euro/USD FuturesDEURUSD1050
Pound Sterling/USD FuturesDGBPUSD1200
Japanese Yen/USD FuturesDJPYUSD950
Indian Rupee “Quanto”DINRIUSD120
Indian Rupee Mini/USD FuturesDINRMUSD50
USD/South African Rand FuturesDUSDZARZAR23600
USD/Chinese YuanDUSDCNHCNH19450
Indian Rupee/USD FuturesDINRUSD500
Indian Rupee/USD Weekly FuturesDINRWUSD500
EUR Rolling FuturesSPFEURUSD200
GBP Rolling FuturesSPFGBPUSD250
AUD Rolling FuturesSPFAUDUSD500
Pakistani Rupee/USD FuturesDPKRUSD600