DIFX to launch stock futures

The index futures contract will be based on the FTSE DIFX UAE 20 index, which comprises stocks from the three exchanges in the United Arab Emirates: one DIFX stock, 12 stocks from the Dubai Financial Market (DFM) and seven from the Abu Dhabi Securities Exchange (ADX).

The single-stock futures will reference shares listed in the DIFX-listed Dubai Ports World DPW.DI, plus 12 DFM and seven ADX stocks.

DIFX has also announced other reforms aimed at attracting more volumes, such as allowing companies to list in dirhams as well as in dollars. It has already announced plans to extend trading hours and allow trading on Sundays, in line with regional practice.

The exchange, dominated by institutional investors, says it is seeking to beef up its retail investor base, a characteristic of the ADX and DFM.

See also: DIFX launches structured products platform

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here