Nasdaq Dubai will relaunch its derivatives market, targeting regional institutions wanting to hedge their share portfolios, the exchange's chief executive told Reuters on Monday.
The bourse, owned by Dubai Financial Market DFM.DU, launched a derivatives exchange in November 2008 at the height of the global financial crisis and trading has been lackluster.
"It didn't matter how good the derivative was, it was a derivative and we suffered under the weight of a bad product category, but they're starting to come back in favor," Nasdaq Dubai chief executive Jeff Singer told the Reuters Middle East Investment Summit, held at Reuters' offices in Dubai.
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