The equity derivatives platform of Nasdaq Dubai consists of futures listed on 21 individual UAE companies and on the FTSE Nasdaq Dubai UAE 20 share index.
Companies in the index include DP World, which is listed on Nasdaq Dubai, and leading companies listed on the Dubai Financial Market and the Abu Dhabi Securities Market.
BofA Merrill Lynch head of EMEA Futures and Derivatives Clearing Services Brooks Stevens the company look forward to playing a leading role in facilitating increased trading capacity within the region. Nasdaq Dubai’s equity derivatives platform provides investors with unique tools to hedge their exposure to shares of UAE and other Middle East companies.
Nasdaq Dubai Head of Business Development Dean Noble said that BofA Merrill Lynch’s arrival as a GCM is a landmark in the development of equity derivatives platform. The market has huge potential for growth in a region where hedging mechanisms are in short supply and investors need to offset risk.
The NASDAQ Dubai region includes the UAE and the rest of the Gulf Cooperation Council (GCC), the wider Middle East and North Africa, Turkey and the Indian sub-continent.
