The Abu Dhabi Securities Exchange (ADX) would list its first exchange-traded fund (ETF) in April within a long-term strategy to diversify investments and turn itself into a global market, its Chief Executive Tom Healy said.
But Healy said he believed the UAE bourses would not recover from one of their worst periods unless global markets begin to improve and banking liquidity returns to its pre-crisis levels.
He also expected ADX to begin trading in derivatives before the end of this year. Relevant procedures and regulations have almost been completed, he told Emirates Business at the Abu Dhabi Economic Forum.
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