Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) plans to launch a derivatives market, as part of its expansion plans, CEO Rashed Al Balooshi announced on Sunday.
Al Balooshi did not reveal a specific date for the creation of the derivatives market, instead, he noted that such project needs a further study of the challenges and the opportunities thereof, according to Al Bayan newspaper.
The launch of futures for the ADX’s general index (ADI) last week was a launchpad for the derivatives market, the CEO commented, concluding that the UAE-based stock market is developing financial products, instruments, and services to enrich the market.
