Dubai Financial Market rolls out equity futures platform | ZAWYA MENA Edition:
The Dubai Financial Market (DFM) on Sunday introduced equity futures trading as part of its new Futures Trading Platform.
The debut platform has so far attracted 16 companies as launch partners and includes futures contracts on single stocks of some of the most liquid equities listed on DFM, including Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development and Emaar Malls, with tenures of one, two and three months.
The platform is expected to increase the range of its contracts, including index-based futures.
There are also plans to add REITs trading and expand DFM’s platforms, as well as attract new companies for listing in the coming period, according to Essa Kazim, chairman of DFM.
“The launch of this new platform is another milestone in DFM’s momentous journey. It underlines our commitment to diversify investment opportunities for DFM’s large and diversified base of local and international investors,” Kazim said.
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