Saudi Arabia’s Tadawul to launch derivatives market on August 30 – ZAWYA
- Date: 14-Jul-2020
- Source: Zawya
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Arabia’s Tadawul to launch derivatives market on August 30 – ZAWYA
Saudi Arabia's Tadawul to launch derivatives market on August 30 | ZAWYA MENA Edition HomeMarketsEquitiesArticleSaudi Arabia's Tadawul to launch derivatives market on August 30 The SF30 Index Futures Contract is based on the MSCI Tadawul 30 (MT30) Index A Saudi woman walks at the Saudi stock market (Tadawul), in Riyadh, Saudi Arabia March 9, 2020. The Saudi Stock Exchange (Tadawul) will launch its exchange-traded derivatives on August 30, 2020.The first exchange-traded derivatives product is an index futures contract, the Saudi Futures 30 (SF30). This contract is based on the MSCI Tadawul 30 Index (MT30)."The launch of The Derivatives Market is a significant step to further advance the Saudi capital market, providing investors with a full and diversified range of investment products and services,“ Tadawul said in a statement.The first exchange-traded derivatives product is an index futures contract, the Saudi Futures 30 (SF30). This contract is based on the MSCI Tadawul 30 Index (MT30)."The launch of The Derivatives Market is a significant step to further advance the Saudi capital market, providing investors with a full and diversified range of investment products and services,“ Tadawul said in a statement."The SF30 will provide investors with hedging tools to more effectively manage risk