Saturday, 30 August 2008 |
updated 1 minute ago
19:38 UAE time

YOUR DIRECTORY /

DIFX eyes derivatives trading launch

by Amy Glass on Wednesday, 02 July 2008

NEW OFFERING: The Dubai International Financial Exchange (DIFX) will launch futures and options based on stocks listed on the Dubai Financial Market, the Abu Dhabi Securities Exchange, and its own exchange in 2008. (Getty Images)

The Dubai International Financial Exchange (DIFX) is eying the launch of futures and options trading in 2008, it has revealed.

The products will be based on stocks listed on the Dubai Financial Market, the Abu Dhabi Securities Exchange, and its own exchange, newswire Bloomberg reported on Wednesday.

The DIFX's plans are subject to regulatory approval, but if the bourse receives a go-ahead, it may become the first exchange in the Gulf to offer derivatives trading.

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The global over-the-counter derivatives market increased 15 percent to $596 trillion in the second half of 2007, while the equity derivatives market shrank 1 percent to $8.5 trillion, Bloomberg said.

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