Nasdaq Dubai, the international stock exchange between Western Europe and East Asia, will be re-launching its derivatives market, Reuters reports. The market will target regional institutions seeking to hedge their share portfolios. The timing of the proposed new platform was not disclosed.
The exchange, owned by Dubai Financial Market, unveiled a derivatives exchange in November 2008 when the global financial crisis was at its peak. Among the current derivatives is the FTSE Nasdaq Dubai UAE 20 Index, based on 20 of the top companies listed on UAE bourses. The exchange also provides futures and options contracts on most of these derivatives.
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