UAE: Dubai Gold and Commodities Exchange aims to launch first steel futures contract in 2006

摘要

Dubai's new commodities exchange expects to launch the world's first exchange-traded steel futures contract in the second quarter of 2006. "In the second quarter (of 2006) we are looking at various products like steel, fuel oil, freight rates and cotton. The first two would be steel and fuel oil," Framroze Pochara, CEO of the Dubai Gold and Commodities Exchange, said. The exchange opens trading later this month with gold contracts.