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WTI (West Texas Intermediary) is one of the premier oil benchmarks in the world. The use of WTI as a pricing mechanism extends far beyond its local and refined export markets. With production accounting for over 10% of global demand, and pricing accounting for over 25% of global supply, the DGCX mini WTI futures contract provides accessibility to the global energy market to a wider range of participants.

Paired with the DGCX’s existing USD currency suite, the Mini WTI futures contract will draw a stronger appeal to existing contracts on other global exchanges which are of a larger size. The DGCX Mini WTI contract size will help facilitate price discovery by new market participants, offering protection and hedging opportunities to all.

  • Trade your views, tax free on the international Crude oil market
  • Arbitrage opportunity with global commodity exchanges as well as existing DGCX WTI futures contract.
  • Low cost structure with 100% trading margin credit against the major DGCX WTI futures contract and on spread contracts too.
  • Greater access to international energy markets with clear, understandable regulations
  • Unique trading opportunity in the region to participate in global oil markets
  • Smaller contract size, ideal for optimal risk control
  • USD denominated, Cash settled with a tick size of USD $1
  • Tax Free – No transaction Tax and Zero Capital Gains tax
  • Market hours encompassing the largest global liquidity pools
  • Basis 100 Barrels contract, traded on a secure regulated marketplace

Contract Specifications

ContractParameters
Contract TypeFuture
Contract NameDGCX Mini West Texas Intermediate (WTI) Oil Futures
Contract SymbolDWTIM
UnderlyingDGCX West Texas Intermediate Light Sweet Crude Oil
Contract Size100 Barrels (4,200 Gallons)
Notional Contract Value100 x Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars and Cents per Barrel
Tick SizeUS$ 0.01
Tick ValueUS$ 1
Settlement BasisCash Settled
Final Cash Settlement Price (FCSP)FCSP is based on the publicly available reference price displayed market data vendors on Last Trading Day
Last Trading Day (LTD)Four Business Days prior to the 25th Calendar Day of the month preceding the expiry month (e.g. the March contract will expire on the fourth Business Day prior to the 25th of February)
Trading DaysExchange Business Days*
Trading Hours07:00 - 23:55 Hours Dubai time
Trading MonthsMonthly contracts for twelve months forward
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size2,000 Lots
Wholesale TradesBlock Trade minimum size threshold: 500 lots. EFP/EFS also available. Trades must be submitted 15 minutes after execution
No Cancellation RangeSee link: www.nextgendmcc.com/price-limits

*See Exchange By-Laws Part N

Contract Calendar

Expiry Month
Expiry Code
Last Trading Day
Jun'23
DWTIM-20230519
19-May-23
Jul'23
DWTIM-20230619
19-Jun-23
Aug'23
DWTIM-20230719
19-Jul-23
Sep'23
DWTIM-20230821
21-Aug-23
Oct'23
DWTIM-20230919
19-Sep-23
Nov'23
DWTIM-20231019
19-Oct-23
Dec'23
DWTIM-20231117
17-Nov-23
Jan'24
DWTIM-20231218
18-Dec-23
Feb'24
DWTIM-20240119
19-Jan-24
Mar'24
DWTIM-20240216
16-Feb-24
Apr'24
DWTIM-20240319
19-Mar-24
May'24
DWTIM-20240419
19-Apr-24

Platform

Contact Us

NEXTGEN INTERNATIONAL DMCC

HDS BUSINESS CENTER
Office No: 1008, 10th Floor M-Cluster
JUMEIRAH LAKE TOWERS, DUBAI, UAE
TEL: +971 4 4560384
EMAIL: accountsdgcx@nextgendmcc.com
WEBwww.nextgendmcc.com
Registration No. DMCC-0575, License No: DMCC-30283
"Regulated by Securities and Commodities Authority-License No:607044"