The Dubai Gold and Commodities Exchange (DGCX) and Dalian Commodity Exchange (DCE) today announced the simultaneous launch of their respective polypropylene futures contracts
In September, DME signed an agreement with the Dubai government-owned Emirates National Oil Co (ENOC) to develop a jet fuel futures contract
to be traded on the exchange in 2007.
SGX said it embarked on the development of a DRAM futures contract
after feedback from chip manufacturers, users and other players in the electronics industry, with respect to their need to manage risks and costs.
Ordinarily, one would expect the futures contract
, when used in this way, to be designated as a cash flow hedge for the forecasted sale in December.
Klaus Gebhardt, senior vice president of property at Ace Bermuda, said the upfront cost to customers would range from about 2% to 20% of the full premium, depending on risk factors and the length of the commitment in the futures contract
The advantage of going through an organized exchange is that the exchange limits the credit risk on a futures contract
However, the estimated value may misspecify the transaction costs and hence, the arbitrage bounds to the price of an SPI futures contract
For example, a trader might initiate a long synthetic futures position, as above, and offset this by selling the actual underlying futures contract
The value of the Standard & Poors stock index futures contract
, for example, rises and falls according to the price movement of 500 different stocks.
The investment objective of the Teucrium WTI Crude Oil Fund (NYSE: CRUD) will be to have the daily changes in percentage terms of its shares' Net Asset Value ("NAV") reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for futures contracts
for WTI crude oil, also known as Texas Light Sweet crude oil ("Oil Futures Contracts
") traded on the NYMEX, specifically, (1) the nearest to spot June or December Oil Futures Contract
, weighted 35%; (2) the June or December Oil Futures Contract
following the aforementioned (1), weighted 30%; and (3) the next December Oil Futures Contract
that immediately follows the aforementioned (2),weighted 35%; less the Fund's expenses.
The Euro-Swap Futures provide our participants with a cost-effective product which tracks the risk of the underlying with the margin efficiency of a standardized futures contract
and makes it possible to offset risk with our liquid benchmark government bond futures.
Summary: Dubai will be first and only place in the Middle East and North Africa (Mena) region once it will list and offer Indian stock index futures contract
on July 5.