Dubai - Mubasher: The Dubai Financial Market (DFM) has rung the market opening bell to celebrate the launch of its new Futures Trading Platform, according to a press release on Sunday.
The introduction of equity futures trading is in line with the DFM's strategy to diversify product offerings and attract more investments.
The new platform will help investors to diversify and hedge their portfolios and benefit from equity futures leverage.
The platform includes futures contracts on single stocks of five of the most liquid equities listed on the DFM, comprising Emaar Properties, Dubai Islamic Bank (DIB), Emirates NBD, Emaar Development, and Emaar Malls, with tenures of up to three months.
The DFM equity futures will be cleared on the central clearing counterparty (CCP) of the DFM’s subsidiary, Dubai Clear, using Nasdaq Dubai Operational and IT infrastructure.
The DFM's Chairman, Essa Kazim, said: "Owing to this strategy, the DFM has become one of the leading regional markets that provide multiple asset classes including, shares, bonds, Sukuk, ETFs and equity future."
Kazim added: "Additionally, we plan to add REITs trading and expand our platforms and attract new companies for listing in the coming period."
