DFM to launch equity derivatives platform

DFM to launch equity derivatives platform

DUBAI / WAMDubai Financial Market (DFM) on Tuesday 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, 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 (DIB), Emirates NBD, Emaar Development and Emaar Malls. A futures contract is an agreement between two sides to buy or sell at a specific price on future date. Each DFM contract will be based