ADX launches future contracts on FADX 15 as the first index derivatives listing on the stock exchange – Arabian Business

  • Date: 22-Jun-2022
  • Source: Arabian Business
  • Sector:Financial Markets
  • Country:UAE
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ADX launches future contracts on FADX 15 as the first index derivatives listing on the stock exchange – Arabian Business

The Abu Dhabi Securities Exchange (ADX) has revealed the offering of futures contracts on the FTSE ADX 15 (FADX 15) index for trading on its financial derivatives platform.

The futures are the first index derivatives to be listed on ADX, and are part of the exchange’s efforts to bolster market liquidity and attract more global investors.

FADX 15 Futures are cash-settled contracts that will replicate the price performance of the benchmark FADX 15 index, which comprises the most liquid and the largest 15 companies listed on the ADX main market, Wam reported.