Abu Dhabi Securities Exchange (ADX) has introduced five more single stock futures in a further step to develop its derivatives market.
Starting from October 6th, stock futures on Abu Dhabi Islamic Bank (ADIB), Abu Dhabi Commercial Bank (ADCB), Fertiglobe, Borouge, and AD Ports, will be available for trading on the ADX Derivatives market. The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year. Furthermore, market participants will be able to trade on leverage and hedge their equity exposure using these contracts.
Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of Abu Dhabi Securities Exchange commented: “The expansion of products on the derivatives market is important for the development of ADX as a vibrant trading hub for both investors and issuers. ADX is committed to broadening its range of offerings to meet the demands of its expanding investor base.”
The ADX derivatives market has rapidly become one of the most active in the region due to a blend of strong partnerships and world-class infrastructure.
