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Abu Dhabi, Dubai exchanges explore possibility of stock futures 

August 3, 2015

Hadeel Al Sayegh, Reuters

The Abu Dhabi Securities Exchange (ADX) is considering introducing with the Dubai Mercantile Exchange (DME) futures and options contracts for specific Abu Dhabi stocks as well as market index futures, a top DME official said.

The exchanges have established a joint committee which will examine the issue over the next few months, DME Managing Director Owain Johnson told Reuters.

"You have to go to the market and see what people are interested in and I expect in the next few months we will be talking to people around the UAE and elsewhere," said Johnson, whose exchange focuses on commodities.

"Maybe it's single futures, maybe it's options, maybe it's equity indexes. Our experience is in derivatives, not in equities, so we will be relying on each other."

He added, "There's so much interest in equities in this region, it's going to be an easier sell than commodities...We have the same goal, which is to grow the liquidity on both our exchanges.

Read more: Reuters

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