ABU DHABI, UAE: Abu Dhabi Securities Exchange (ADX) has introduced five more single stock futures in a further step to develop its derivatives market.
Starting from October 6 th , stock futures on Abu Dhabi Islamic Bank (ADIB), Abu Dhabi
Commercial Bank (ADCB), Fertiglobe, Borouge and AD Ports, will be available for
trading on the ADX Derivatives market. The addition of new contracts has doubled the
total number of derivative products on ADX to 10 in less than a year. Furthermore,
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 for hedging and
leveraging capabilities. The market launched with trading in the single stock futures of
Etisalat, First Abu Dhabi Bank, International Holding Company, ADNOC Distribution and
Aldar Properties. This was followed in June 2022 by the launch of futures contracts on
the FTSE ADX 15 (FADX 15) Index.
Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of Abu
Dhabi Securities Exchange commented:“The expansion of products on the
derivatives market is important for the development of ADX as a vibrant trading hub for
both investors and issuers. ADX is committed to broaden its range of offerings to meet
the demands of its expanding investor base.”
The ADX derivatives market has rapidly become one of the most active in the region
due to a blend of strong partnerships and world class infrastructure. ADX sealed an
agreement with Nasdaq in September 2021 to put in place marketplace 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 clearing efficiency,
stability, and confidence in the market. In addition, market makers have provided
liquidity, facilitating an efficient and orderly market.
Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year
2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also
provides ADX with the necessary supervisory and executive powers to exercise its
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.