NASDAQ Dubai aims to increase Mideast equity derivatives use

Survey reveals 79% of fund managers say market will expand in 2010.
NASDAQ Dubai aims to increase Mideast equity derivatives use
By Ed Attwood
Mon 05 Apr 2010 02:07 PM

The NASDAQ Dubai index is working to educate local finance professionals about the benefits of equity derivatives and how they are traded.

The stock exchange currently runs the UAE’s only equity derivatives platform, which consists of 21 individual local stocks.

In a survey run by NASDAQ Dubai, 79 percent of fund managers and brokers polled said that the equity derivatives market was likely to expand this year, with 87 percent agreeing that they were useful tools for managing risk.

“The survey shows that investors are poised to make increasing use of the Middle East equity derivatives market, which is still in its infancy and has potential for rapid growth,” said Jeff Singer, the chief executive of NASDAQ Dubai.

“NASDAQ Dubai will continue to drive the development of the market forward, by expanding its product range and by educating finance professionals and the public about the advantages that equity derivatives offer.”

The stock exchange will run training sessions for local professionals on April 13-14.

For all the latest market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.