ADX adds five more unique stock futures to its derivatives market – News

An investor looks at electronic charts displaying stock market information on the ADX Abu Dhabi Securities Exchange stock market May 16, 2012. REUTERS/Ben Job (UNITED ARAB EMIRATES – Tags: BUSINESS) – RTR325G1

Published: Thu 6 Oct 2022, 05:48 PM

Abu Dhabi Securities Exchange (ADX) has introduced five more single equity futures contracts in a further step to develop its derivatives market.



From October 6, Abu Dhabi Islamic Bank (ADIB), Abu Dhabi Commercial Bank (ADCB), Fertiglobe, Borouge and AD Ports equity futures will be available for trading on the market ADX derivatives. The addition of new contracts doubled the total number of derivatives on ADX to 10 in less than a year. Additionally, market participants will be able to trade on leverage and hedge their equity exposure using these contracts.

The derivatives market was introduced in November 2021 to provide investors and traders with access to two-way market exposure, while providing hedging and leverage capabilities. The market was launched with trading in single stock futures from Etisalat, First Abu Dhabi Bank, International Holding Company, Adnoc Distribution and Aldar Properties. This was followed in June 2022 by the launch of futures on the FTSE ADX 15 (FADX 15) index.

Saeed Hamad Al Dhaheri, Managing Director and Managing Director of Abu Dhabi Securities Exchange, said product expansion in the derivatives market is important to ADX’s development as a vibrant trading hub for investors and traders. transmitters.

“ADX is committed to expanding its suite of offerings to meet the demands of its expanding investor base,” he said.

The ADX derivatives market has quickly become one of the busiest in the region thanks to a mix of strong partnerships and world-class infrastructure.

ADX entered into an agreement with Nasdaq in September 2021 to implement market technology solutions for the derivatives market, including matching, real-time clearing and settlement technology. The launch of the derivatives market was also accompanied by the introduction of central counterparty clearing (CCP) to promote efficiency, stability and confidence in the market. Additionally, market makers provided liquidity, facilitating an efficient and orderly market.

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