Dubai Launches Stock Futures Exchange Next Month

[kreslik.news]

CEO of the Nasdaq Dubai exchange, Hamed Ahmed Ali, said on Tuesday that starting September 1, 2016, the UAE-based marketplace will launch an equity futures market to trade single-stock futures on the shares of specific local companies.

The new futures exchange would be an outcome of collaboration between Nasdaq Dubai and SHUAA Capital (DFM: SHUAA), a Dubai-based financial services provider, Arqaam Capital, EFG Hermes, Mena Corp Financial Services and Mubasher Financial Services.

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Nasdaq Dubai will initially trade futures in 10 UAE stocks which accounted for about 55 ... (read more)