ArabianBusiness.com - Middle East Business News
Sunday, 08 November 2009 23:11 UAE time

YOUR DIRECTORY /

| Share |

DIFX eyes derivatives trading launch

by This email address is being protected from spam bots, you need Javascript enabled to view it  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)
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.

Story continues below ↓
advertisement

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.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST FINANCIAL MARKETS

  1. UAE's Daman Investments eyes IPO by 2012
  2. SABIC, banks weigh on Saudi index
  3. Mideast IPO activity slumps in Q3
  4. Dubai index posts biggest one-day gain since Feb
  5. Banks, real estate shares weigh on UAE markets

TOP MIDDLE EAST BUSINESS STORIES

  1. Kuwait swine flu fatalities rise to 24
  2. Philippines cancels licences after Dubai jobs scandal
  3. ADNH sees net profit up by 28% but hotels suffer
  4. Al Habtoor chief upbeat on Dubai future
  5. Abu Dhabi economy seen growing 4% in 2010

ALSO IN MIDDLE EAST FINANCIAL MARKETS

  1. Property stocks help UAE markets advance
  2. Petchems help Saudi end higher
  3. Dubai extends slide; Abu Dhabi also falls
  4. Saudi ends higher tracking global strength
  5. UAE's Daman Investments eyes IPO by 2012

LATEST MIDDLE EAST BUSINESS NEWS

  1. Banking & Finance: Dubai gov't repays $1bn aviation bond
  2. Personal Finance: Credit bureaus combine to form regional group
  3. Healthcare: Kuwait swine flu fatalities rise to 24
  4. Politics & Economics: Mideast needs to improve insolvency rules - World Bank
  5. Travel & Hospitality: ADNH sees net profit up by 28% but hotels suffer

SHARE PRICE CHECK

more ยป MIDDLE EAST MARKETS DATA

ADX

Last Price:

2,941.72

+21.58+0.74%

8 Nov 2009 10:00 GMT
(Market Closed)

RELATED STORIES

Markets
3 stories
  1. Banks, real estate lead Abu Dhabi, Dubai down
    3 Jul '08 | News
  2. Dar denies talks to sell stake in property arm
    2 Jul '08 | News
Abu Dhabi Securities Exchange (ADX)
| 182 stories
  1. Dubai index posts biggest one-day gain since Feb
    2 Nov '09 | News
  2. Property shares weigh heavily on UAE markets
    28 Oct '09 | News
  3. Banks to provide details of Saudi exposure
    30 Sep '09 | News
Dubai Financial Market (DFM)
| 305 stories
  1. Property stocks help UAE markets advance
    8 Nov '09 | News
  2. A second crash?
    7 Nov '09 | Features
  3. Dubai extends slide; Abu Dhabi also falls
    5 Nov '09 | News
Dubai International Financial Exchange (DIFX)
| 107 stories
  1. DIFX rebrands itself as NASDAQ Dubai
    18 Nov '08 | News
  2. NASDAQ chief calls for new study on 'systemic risk'
    17 Nov '08 | News
  3. DIFX poised to launch derivatives trading in Nov
    4 Nov '08 | News

RELATED LINKS

  1. Abu Dhabi Securities Exchange (ADX)»
  2. Dubai Financial Market (DFM)»
  3. Dubai International Financial Exchange (DIFX)»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Abu Dhabi Securities Exchange (ADX)

  2. Dubai Financial Market (DFM)

  3. Dubai International Financial Exchange (DIFX)

  4. Financial Markets


CURRENCY CONVERTOR

Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. The tipping scandal 13
    08 Nov ' 09 at 16:32
    Steve you are 100% right. Managers and bosses have no right to use tip money for any other purpose than todistribute it to the staff...   More  »
  2. The party's just beginning 10
    08 Nov ' 09 at 18:31
    The recession may be coming to an end, but my guess is that there is no party in sight, just a depression! The typical line i hear in...   More  »
  3. Al Habtoor chief upbeat on Dubai future 08
    08 Nov ' 09 at 20:55
    I agree with Mr Khalafs comments, yesterday is gone,tomorrow nobody seen, what he is expecting beyound tomorow ,is his positive...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY