Abu Dhabi Securities Exchange adds five single stock futures to derivatives market

Abu Dhabi Securities Exchange (ADX) has introduced five more single stock futures in a further step to develop its derivatives market.

Starting from October 6, stock futures on Abu Dhabi Islamic Bank (ADIB), Abu Dhabi Commercial Bank (ADCB), Fertiglobe, Borouge and AD Ports, will be available for trading on the ADX Derivatives market.

#سوق_أبوظبي_للأوراق_المالية يوسع نطاق
منتجاته من المشتقات المالية بإضافة 5 عقود مستقبلية للأسهم المفردة. للمزيد: https://t.co/GgOgFkwoLL

ADX expands its range of #derivatives products with 5 more single stock futures. For more: https://t.co/WFnuUZf7p2 pic.twitter.com/zBcs39Z1yF

— سوق أبوظبي للأوراق المالية (@ADX_AE) October 6, 2022

The addition has doubled the total number of derivative products on the exchange to 10 in less than a year. The derivatives market was introduced in November 2021 to provide investors with access to two-way market exposure.

Read: Abu Dhabi Securities Exchange launches derivatives market

The market launched with trading in the single stock futures of Etisalat, First Abu Dhabi Bank, International Holding Company, ADNOC Distribution and Aldar Properties. This was followed in June 2022 by the launch of futures contracts on the FTSE ADX 15 (FADX 15) Index.

Read: UAE’s ADX launches FADX 15 Futures, the exchange’s first index derivatives  

Saeed Hamad Al Dhaheri, managing director and chief executive officer of Abu Dhabi Securities Exchange, commented: “The expansion of products on the derivatives market is important for the development of ADX as a vibrant trading hub for both investors and issuers.”

ADX sealed an agreement with Nasdaq in September 2021 to deploy marketplace technology solutions for the derivatives market, including matching, real-time clearing, and settlement technology.  The launch of the derivatives market was also accompanied by the introduction of central counterparty clearing (CCP).

ADX recorded its highest rise in terms of market value and trading value at end of Q2 2022, according to the Arab Monetary Fund (AMF). The ADX achieved an increase of $29.23bn in terms of market value, rising from $513.19bn at the end of the first quarter of 2022 to $542.42bn in the second quarter of 2022.

Read: UAE’s ADX records its highest rise in market and trading value in Q2 2022: AMF