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The Abu Dhabi Exchange (ADX) has launched five more single stock futures, further developing its derivatives market.
From 6 October, stock futures for Abu Dhabi Islamic Bank (ADIB), Abu Dhabi Commercial Bank (ADCB), Fertiglobe, Borouge and AD Ports will be traded on the ADX derivatives market.
The addition of new contracts has doubled the total number of derivatives on the ADX to 10 in less than a year. Additionally, market participants will be able to use these contracts to trade leveraged and hedge their equity exposure.
Launched in November 2021, the derivatives market is designed to provide investors and traders with two-way market exposure, along with hedging and leverage, the ADX statement said.
The market began trading single stock futures from Etisalat, First Abu Dhabi Bank, International Holding Company, Adnoc Distribution and Aldar Properties. A futures contract on the FTSE ADX 15 (FADX 15) index was subsequently launched in June 2022.
Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer, said: “The expansion of products in the derivatives market is important for ADX to develop into a vibrant trading hub for investors and issuers. ADX is committed to expanding its product range to meet the needs of its An expanding investor base.”
Thanks to a combination of strong partnerships and world-class infrastructure, the ADX derivatives market has quickly become one of the most active in the region.
ADX entered into an agreement with Nasdaq in September 2021 to develop market technology solutions for derivatives markets, 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 improve clearing efficiency, stability and market confidence. In addition, market makers provide liquidity and facilitate efficient and orderly markets. –arab trade news agency
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