Offering futures contracts for indices during the first quarter of 2022
Abu Dhabi Securities Exchange launches a financial derivatives market
During the launch of the new market.
From the source
The Abu Dhabi Securities Exchange officially launched the financial derivatives market, as part of a set of initiatives aimed at developing the capital markets in Abu Dhabi and keeping pace with the innovative products and services offered by similar global markets that meet the aspirations of investors.
With the launch of future contracts for single shares, the new platform will provide investors and traders with the opportunity to benefit from a set of advantages, the most important of which is increasing financial leverage, the possibility of making gains during times of market ups and downs, as well as hedging against the risks of investment portfolios.
A statement issued yesterday stated that the market witnessed the start of trading future contracts for single shares of “Etisalat Group”, First Abu Dhabi Bank, International Holding Company, “ADNOC Distribution” and “Aldar Properties”, provided that more future contracts for single shares will be added at a later time. From this year and the next.
The market will launch futures contracts for indices during the first quarter of 2022 before the Abu Dhabi Securities Exchange expands its product portfolio of financial derivatives, the operation of which depends on modern technologies provided by Nasdaq for the financial markets.
Three market makers, Q Market Maker, a subsidiary of ADQ Holding Company, PHM Capital and Al Ramz Capital, will join the financial derivatives market to provide liquidity in the new platform, which enhances the efficiency and regularity of activity. The granting of short-term margin trading licenses to more brokers will also contribute to increasing market participation.
The Chairman of the Board of Directors of the Abu Dhabi Securities Exchange, Muhammad Ali Al-Shurafa Al-Hammadi, said that "the launch of the financial derivatives market is a prominent stage in the path of success of the Abu Dhabi Securities Exchange, which, despite its short history, was able to achieve a series of qualitative achievements."
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