NASDAQ Dubai is moving to boost liquidity on its derivatives trading market in a follow-up to its introduction of the UAE’s first exchange-traded futures in November.
The exchange is looking to introduce its first options in the first quarter, on the FTSE NASDAQ Dubai UAE 20 Index, and on single stocks later on. In addition, it is putting in place a trading desk to assist members in making orders where they lack the resources, expertise or time to trade the derivatives themselves.
Besides increasing liquidity, the exchange, which has suffered from thin trading from even before the financial crisis battered markets, is eager to profit from the worldwide flight to safety. Investors and derivative houses are reducing over-the-counter (OTC) activities and leaving it to stock exchanges to trade such products.
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