SHUAA Capital, the UAE’s premier integrated financial services firm, continues to support the growth of the Nasdaq Dubai Futures Market as it reaches new highs. Nasdaq Dubai broke a new record this month with the value of equity futures traded increasing 76 per cent to AED 17.6 million from previous high of AED 10 million in June.
As the largest and most active Market Maker in the UAE, SHUAA Capital facilitates access to a robust platform for international and regional investors to benefit from market movements and hedge their positions. By expanding its overall market making initiatives, and raising awareness on Futures and Derivatives in particular, the company works towards re-defining the regional capital markets landscape, allowing for a multitude of financial instruments.
SHUAA Capital, has been market making on all futures since the market opened on September 1, 2016.
Magdi Shannon, Head of Equities Trading at SHUAA Capital, said: “We are delighted to see the UAE’s futures market go from strength to strength. SHUAA is proud to be the largest and most active Market Maker and continues to play a major role in furthering the development and expansion of the market. Our aim is to enable investors access to a wider array of instruments that will enable them to fine tune their portfolios.”
Fawad Tariq Khan, General Manager at SHUAA Capital added: “The news demonstrates SHUAA’s growing leadership within the region’s capital markets and we will continue investing in our platforms to further expand our offering to clients and investors.”
Nasdaq Dubai plans a phased expansion of its derivatives products and market, by including futures and options on shares of other companies listed on MENA exchanges, as well as futures on equity indices. A range of regional and international financial institutions are in discussions with the exchange to become market participants.