DFM Plans to Launch Equity Derivatives Platform

  • Date: 30-Sep-2020
  • Source: Dubai Chronicle
  • Sector:Financial Markets
  • Country:UAE
  • Who else needs to know?

DFM Plans to Launch Equity Derivatives Platform

Dubai Financial Market, DFM, today announced that it has reached the final stages of preparations to launch an equity derivatives platform (DFM Derivatives Platform), in cooperation with Dubai Clear and Nasdaq Dubai as well as leading brokerage firms, enabling investors to diversify and hedge their portfolios and access leverage.

The platform will be launched in October 2020, introducing equity futures contracts on single stocks with tenure of 1, 2 and 3 months. The inaugural contracts will include five of the most liquid equities listed on DFM namely: Emaar Properties, Dubai Islamic Bank, Emirates NBD, Emaar Development and Emaar Malls.

A futures contract is an agreement between two sides