The Dubai Financial Market announced yesterday that it will start trading futures contracts within its integrated derivatives platform, in an important step that gives the market’s strategy to diversify products and financial instruments and attract more investments, new momentum.
The market stated, in a statement issued yesterday, that the platform is based on a set of regulatory rules prepared in accordance with the best international practices, providing a supportive framework for the expansion of the activities of various dealers on those futures contracts, indicating that this strategic step allows investors to diversify their investment portfolios and hedge, in addition to To take advantage of the leveraged facility. He explained that the platform currently provides future contracts for different terms, ranging from one month to two months and three months, on individual stocks for a group of active companies listed in the market, including: «Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development, and Emaar Malls. », Pointing out that the platform aims to enhance and diversify the list of derivatives of shares traded through it later, by adding futures contracts linked to indices.
the bell rang
Dubai Financial witnessed a special ceremony to ring the bell to start trading on the occasion of the launch of the integrated futures trading platform, in the presence of the CEO of the Dubai Financial Market, Hassan Al Serkal, the CEO of the Dubai Clearing and Central Depository Holding Company, Maryam Fikry, and the CEO of Nasdaq Dubai, the Executive Vice President of Dubai Market. Financial, Hamed Ali, in addition to prominent officials in companies cooperating with the Dubai Financial Market as partners to launch the platform, as the list includes 16 leading companies, including brokerage firms active in the field of trading services and market industry, in addition to companies that provide technology and data services.
The Chairman of the Board of Directors of Dubai Financial Market, Issa Kazim, said, “The market spares no effort to study and explore ways of innovation and continuous development of its products and services, in line with the growing needs and aspirations day after day by all categories of dealers.”
He added that “the launch of the new platform represents an important milestone in the market’s successful march, and in the context of its efforts to diversify investment opportunities in front of its huge base of local and international investors.”
Kazim pointed out that “thanks to this strategy, the Dubai Financial Market is one of the most regional markets providing a variety of assets that include stocks, bonds, sukuk, ETFs and futures contracts, and we are seeking during the next phase to further strengthen this trend through the inclusion of REITs, and expansion The range of our different platforms, and attracting new companies to list their shares in the market.
For his part, Hassan Al Serkal expressed his aspiration for all categories of dealers in the market to benefit from the futures contract trading platform, indicating that it has promising growth prospects during the coming stage, in light of the increasing interest by investors in trading on various financial instruments and multiple asset classes.
He added, “This interest contributed to the launch of the platform with unprecedented support and strong participation by many brokerage firms, which have shown keen interest in engaging in futures trading and market-making activities, from day one as partners to launch the platform.”
A supportive environment
In turn, Hamid Ali said, “Dubai’s financial markets have succeeded in developing an advanced organizational and basic structure that allows the circulation of multiple asset classes, as well as providing many supportive mechanisms for trading activities such as providing liquidity and making the market, and others.”
He added, “The rules for futures trading have been prepared in accordance with international best practices and in coordination with market members and regulators, which created a favorable work environment for the growth of the futures market in line with the high growth rates recorded on global stock exchanges.”
In the same context, Maryam Fikry expressed her welcome to the new platform, which is at the forefront of beneficiaries of the advanced clearing solutions provided by the company after its official launch last April.
“The company is considered one of the first integrated and independent companies for the central clearing of shares (CCP) services in the region, as these solutions allow better use of the guarantees provided by the clearing members, in order to achieve a more effective and safe use of the available liquidity in accordance with international best practices,” she said.
The Dubai Clearing Company, affiliated to the Dubai Financial Market, provides effective clearing services for futures contract trades by utilizing the technical and operational infrastructure of Nasdaq Dubai.
The five companies include Emaar Properties, Dubai Islamic, Emirates NBD, Emaar Development, and Emaar Malls.
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