SPY441.40-4.34 -0.97%
DIA345.64-1.80 -0.52%
IXIC15,043.97-137.96 -0.91%

Abu Dhabi equities market to launch derivatives offerings in Q4 -statement

reuters.com · 09/01/2021 09:05
Abu Dhabi equities market to launch derivatives offerings in Q4 -statement

- Abu Dhabi Securities Exchange (ADX) said on Wednesday it plans to launch a derivatives market in the fourth quarter of this year.

The stock exchange will introduce single stock futures and index futures, it said in a statement, before expanding to a wider range of derivatives products.

ADX said it signed an agreement with Nasdaq NDAQ to deliver marketplace technology solutions, including matching, real-time clearing and settlement technology.

The market is expecting a slew of initial public offerings (IPOs) this year as state entities look to monetise assets. Abu Dhabi National Oil Co is planning an IPO of its drilling business and a flotation of Fertiglobe, a fertiliser joint venture with Dutch-listed chemical producer OCI OCINF, later this year.




(Reporting by Hadeel Al Sayegh; Editing by Steve Orlofsky)

((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))