Oil-Futures
DWTI

Symbol

DGCX West Texas Intermediate Light Sweet Crude Oil Futures

Underlying Asset

1,000 barrels (42,000 gallons)

Contract Size

US Dollars and Cents per barrel

Price Quote

US$ 0.01 per barrel (US$ 10 per tick)

Tick Size

No Limit – Note 1*

Daily Price Movement Limit

Cash Only Settlement Contract

Price Basis

The front month settlement price for WTI Crude Oil futures as made public by NYMEX for the Last Day of Trading of the DGCX front month contract

Final Cash Settlement Price

Twelve consecutive months plus ten contract months consisting of June and December months will be listed for an additional five calendar years

Delivery Months

Monday through to Friday

Trading Day

07:00 – 23:30 Hours Dubai time (GMT+4)

Trading Hours

Last Day of Trading shall be the fourth US business day prior to the 25th calendar day of the month that precedes the Delivery Month. If the 25th calendar day is not a US business day; Last Day of Trading shall be the fourth US business day prior to the US business day that precedes the 25th calendar day. If the fourth US business day is not a DGCX Business Day, then the preceding DGCX Business Day shall be the Last Day of Trading

Last Day of Trading

The Business Day folloing the last day of trading

Cash Settlement Day

Business day immediately following the last trading day

New Contract Listing

As per DGCX By-Laws. Minimum Blcok size permitted is 200 contracts.

EFP / EFS / Block Trades

Up to 15 minutes after cessation of trading on any trading day

Time Limit for EFP / EFS /
Block Trade Registration

No Limits

Max Open Position Limit

500 Contracts

Max Order Size

 

 

 

Note 1*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$ 3 as compared to the Previous Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$ 3 limit

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