The Abu Dhabi Securities Exchange, or ADX, is planning to enable futures trading on single stocks by 2019 in a bid to introduce derivatives, Bloomberg News reported Sept. 10, citing an interview with ADX CEO Rashed Al Blooshi.
The stock exchange may in due course enable trading of futures contracts for the ADX General Index as well, Al Blooshi told Bloomberg.
ADX is the latest to eye derivates in the Middle East. Saudi Stock Exchange (Tadawul) is also looking to launch derivatives and exchange-traded funds, while Nasdaq Dubai Ltd. already allows futures trading, albeit with limited liquidity.
Meanwhile, Kuwait is undertaking reforms, which include derivatives, in a bid to upgrade its status to emerging-markets at MSCI Inc. in 2019.