Finance shake-up with Saudi derivatives market to launch in Q3 – ZAWYA

Finance shake-up with Saudi derivatives market to launch in Q3 – ZAWYA

Finance shake-up with Saudi derivatives market to launch in Q3 | ZAWYA MENA Edition HomeMarketsEquitiesArticleFinance shake-up with Saudi derivatives market to launch in Q3 Launch of futures contracts to be made before the end of the third quarter of this year    The head of the Saudi Capital Market Authority (CMA) Mohammed bin Abdullah Elkuwaiz speaks during an interview with Reuters at the Four Seasons hotel in Riyadh, Saudi Arabia September 18, 2019. Image used for illustrative purpose.RIYADH: Saudi Arabia's Capital Market Authority (CMA) plans to launch a derivatives exchange in the latest move to modernize the Kingdom's financial landscape.An announcement about the launch of futures contracts will be made before the end of the third quarter of this year, Asharq Al-Awsat newspaper reported, citing CMA Chairman Mohammed El-Kuwaiz."We are in the phase of developing the derivatives market with intensive work on the options contracts and the futures contracts“ he said.An announcement about the launch of futures contracts will be made before the end of the third quarter of this year, Asharq Al-Awsat newspaper reported, citing CMA Chairman Mohammed El-Kuwaiz.RIYADH: Saudi Arabia's Capital Market Authority (CMA) plans to launch a derivatives exchange in the latest move to modernize the Kingdom's financial landscape."We