Nasdaq Q1 trading volumes up 62%

Equities trading volumes on bourse rises to 1.04bn in Q1 2009, a 62% increase from last year.
Nasdaq Q1 trading volumes up 62%
By Soren Billing
Tue 07 Apr 2009 04:03 PM

The number of shares traded on Nasdaq Dubai grew 62 percent on the year in the first quarter, the bourse said on Tuesday.

The bourse said equities trading volumes rose to 1.04 billion in the first quarter of the year, which is a 62 percent increase from 640 million the first quarter of 2008 and a 27 gain from the previous quarter, when 817 million shares changed hands.

Trading in equity derivatives, introduced in November, also increased. In March, 6,816 equity futures contracts traded, compared with 386 in February and 90 in January.   

“In a challenging period for the capital markets, NASDAQ Dubai has experienced healthy growth in trading volumes and has listed innovative products,” chief executive Jeff Singer said.

“As the region’s international exchange, NASDAQ Dubai is preparing for further growth and development in 2009.”     

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