Abu Dhabi Stock Exchange Aims to Start Futures Trading Next Year
- Contracts to begin with single stocks, may be widened to index
- CEO Rashed Al Blooshi comments on derivatives in interview
Photographer: Matilde Gattoni/Bloomberg
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Abu Dhabi’s stock exchange is joining a race to introduce derivatives as Gulf bourses including Kuwait and Saudi Arabia put strategies in place to lure more investors.
The Abu Dhabi Securities Exchange, known as ADX, plans to enable trading of futures contracts on single stocks in 2019, and they may eventually be available for the benchmark ADX General Index, Chief Executive Officer Rashed Al Blooshi said Monday in an interview, without specifying any starting dates.