ADX launches its latest investment service – GulfToday

SourceGulf Today

ADX launches its latest investment service 4 hours ago Picture used for illustrative purpose only. Business Bureau, Gulf Today The Abu Dhabi Securities Exchange (ADX) has announced the launch of its latest investment service “Covered Short Selling”, to support the exchange’s strategy of diversifying investment and providing investors with a broader range of hedging mechanisms. By doing so, it will attract a new segment of specialized and experienced investors, driving both liquidity and trading volumes. The launch of CSS comes after the Securities and Commodities Authority (SCA) approved ADX’s covered short selling guidelines, which enable investors to sell borrowed securities or financial securities pledged for return to lenders.  Covered short selling involves investors selling shares in a specific company that they do not own at the time, but which they believe to be over-valued, which creates more...