Interview: Nasdaq Dubai CEO targets investor and broker growth as it pushes into new markets | ZAWYA MENA Edition:
A bell-ringing ceremony conducted at Nasdaq Dubai's Dubai International Financial Centre (DIFC) offices on Wednesday by the centre's governor, Essa Kazim, kicked off trading on futures contracts on the 12 biggest stocks on the region's biggest market, Saudi Arabia's Tadawul.
Although the launch of these contracts was four months behind schedule (the launch was originally planned for September), Nasdaq Dubai's chief executive officer Hamed Ali argued that the launch date has worked out well.
The launch had been delayed in part due to the turmoil experienced in emerging markets during the third quarter of 2018, and although a launch could have taken place later in the year, starting in January provided "a much better template" in terms of offering months of uninterrupted trading.
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