SHUAA Capital Supports Surge in Trading on Nasdaq Dubai Equity Futures Market

SHUAA Capital, the UAE's premier incorporated economic solutions firm, continues to support the development of the Nasdaq Dubai Futures Market as it reaches new highs. Nasdaq Dubai broke a new record this month with the value of equity futures traded boosting 76 percent to AED 17.6 million from previous high of AED 10 million in June.

As the biggest and most active Market Maker in the UAE, SHUAA Funding promotes access to a durable platform for global and regional financiers to take advantage of market activities and hedge their positions. By expanding its general market making campaigns, and elevating awareness on Futures and By-products in particular, the company works towards re-defining the regional funding markets landscape, allowing for a wide range of financial instruments.

SHUAA Capital has actually been market making on all futures given that the market opened up on September 1, 2016.

Magdi Shannon, Head of Equities Trading at SHUAA Capital, said: "We are pleased to see the UAE's futures market go from stamina to strength. SHUAA is pleased to be the biggest and most active Market Maker and continues to play a significant function in furthering the development and growth of the market. Our objective is to enable investors accessibility to a broader selection of tools that will certainly enable them to fine tune their portfolios."

Fawad Tariq Khan, General Manager at SHUAA Capital added: "The inews demonstrates SHUAA's growing leadership within the region's capital markets and we will certainly continue buying our platforms to additional expand our using to clients and investors. "Nasdaq Dubai prepares a phased expansion of its derivatives products and market, by consisting of futures and options on shares of various other companies noted on MENA exchanges, in addition to futures on equity indices. A series of regional and international banks remain in discussions with the exchange to become market participants.