Abu Dhabi stock exchange to launch futures trading in 2019
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Abu Dhabi stock exchange to launch futures trading in 2019

Abu Dhabi stock exchange to launch futures trading in 2019

Regional exchanges are seeking to lure more investors

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Abu Dhabi Securities Exchange (ADX) is planning to allow futures trading from next year, according to reports.

Bloomberg cited ADX chief executive Rashed Al Blooshi as confirming the plans, which come after the bourse introduced technical short selling last October and new tick sizes for stocks earlier this month.

Read: Abu Dhabi Securities Exchange introduces new tick sizes for smaller stocks

Neighbouring bourse Nasdaq Dubai said in July it would launch equity futures trading of 12 Saudi companies after beginning the service for UAE firms in 2016.

Read: Nasdaq Dubai to launch futures trading of 12 Saudi firms from September

ADX’s market cap stood at Dhs526bn ($143.2bn) at the end of August after increasing 13.4 per cent since the start of the year.


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