DFM to launch equity derivatives platform in October

DFM to launch equity derivatives platform in October

Dubai - Mubasher: The Dubai Financial Market (DFM) plans to launch an equity derivatives platform, DFM Derivatives Platform, to diversify its product offerings and attract more investments.

The DFM is preparing for the new platform in cooperation with Dubai Clear, Nasdaq Dubai, and leading brokerage firms to encourage investors to diversify and hedge their portfolio, according to a press release on Tuesday.

To be launched in October 2020, the platform will offer equity futures contracts on single stocks with tenure of up to three months, including the inaugural contracts with five of the most liquid equities listed on DFM.

The DFM's most liquid equities comprise Emaar Properties, Dubai Islamic Bank (DIB), Emirates NBD, Emaar Development, and Emaar Malls.

The platform