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SHUAA Capital to be Market Maker on upcoming Index Futures listed on Nasdaq Dubai.

SHUAA Capital International Ltd. will be Market Makers on NASDAQ Dubai's upcoming index futures based on Dubai Financial Market's DFMGI Index, Abu Dhabi Securities Exchange's ADI Index, and MSCI's UAE Emerging Market Index.

SHUAA traces its very first market making activities back to 2007. In September 2016, the newly launched Nasdaq Dubai single stock futures market saw SHUAA Capital as its founding Market Maker; the market has recorded sustainable growth since inception. During 2017, and as part of the company's efforts and contributions towards the evolution of the UAE's capital markets position, SHUAA was registered as a Market Maker and Liquidity Provider on both the Dubai Financial Market and the Abu Dhabi Securities Exchange. The company today stands as the biggest and most active Market Maker by volume size.

"We are extremely pleased to witness the gradual expansion of the UAE's capital markets scene, and as the oldest investment bank in the region, are privileged to have been part of this innovation from the beginning. We remain committed and look forward to help take the country's financial sector to the next level by rolling out similar innovative facilities and instruments. Congratulations to the exchanges and all parties involved on their efforts to bring these products to the region; an excellent step in the development of the UAE's capital markets," said Fawad Tariq Khan, General Manager of SHUAA Capital.

Magdi Shannon, Head of Trading at SHUAA added that the launch of index futures will add to the depth of instruments available to investors to meet their investment needs and hedging strategies.

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Publication:CPI Financial
Date:Oct 25, 2017
Words:274
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