DGCX expands offering

Dubai Gold and Commodities Exchange (DGCX) announced last week that it was to diversify its range of products with the launch of three currency futures and that it also planned to introduce silver futures on the back of early success in its gold contracts.

The introduction of FX futures would represent a departure from the exchange's original declaration that it was looking at "a range of futures and options products in steel, fuel oil, freight rates, cotton and other commodities" (see FO Week Vol 10 No 33).