The Dubai Gold and Commodities Exchange (DGCX) will formally launch trading of Copper Futures on Friday,making it the first Copper Futures contract to be introduced in the Middle East.
“DGCX has a proven track-record in launching products relevant to the Middle East and global market and the launch of our Copper Futures contract is another natural,yet significant strategic step.
“Given the continuing high demand for copper from industry and investors,we are confident that Copper Futures will be highly attractive to both retail and institutional participants,” DGCX Chairman Ahmed Bin Sulayem said.
DGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Ltd and Multi Commodity Exchange of India Ltd (MCX).
Copper is the third most widely used metal in the world and is listed on a number of major international exchanges.