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Nasdaq Dubai welcomes Brokerage House Securities as Member to its rapidly growing derivatives market

PUBLISHED ON 08-Mar-2018
Nasdaq Dubai welcomes Brokerage House Securities as Member to its rapidly growing derivatives market

  • Move supports diversification of BHS as a leading UAE brokerage

  • Futures enable investors to make gains whether share prices rise or fall

    Brokerage House Securities (BHS), one of the UAE’s leading brokerage firms, has joined Nasdaq Dubai’s rapidly expanding derivatives market as a Member, to enable its clients to trade futures on equity indices and single stocks.

    The move by BHS into UAE equity futures supports the brokerage’s continuing development and diversification. In recent months BHS has been playing an increasingly active role in trading equities for a growing range of institutional and individual clients on Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). The firm has been an equities Member of Nasdaq Dubai since 2014.

    Abdul Hadi Al Sadi, Managing Director of BHS, said: “As BHS upgrades its strategy and services following recent senior management and other personnel changes, we are excited to offer our clients the investment and risk insurance opportunities provided by equity futures. The addition to the platform this month of UAE share index futures has given investors broad exposure to the performance of the nation’s leading listed companies for the first time and demonstrates the potential of Nasdaq Dubai’s futures market to continue adding new products that will appeal to a wide range of regional and international investors.”

    Nasdaq Dubai’s futures market opened in September 2016 with contracts on UAE-listed single stocks and last month added futures on DFM’s DFMGI index and ADX’s ADI index. The exchange is preparing to add further contracts on regional equities and equity indices. Futures enable investors to make gains whether the underlying shares or indices are rising or falling.

Hamed Ali, Chief Executive of Nasdaq Dubai, said: “The professional expertise and experience provided by BHS is a valuable addition to the core group of market participants that is driving the continued growth of UAE equity futures trading. As we expand the market beyond the UAE we will bring in further regional and international brokerage and clearing institutions in order to build a thriving equity derivatives market on a par with those that already exist in other regions of the world.”

Total traded value on Nasdaq Dubai’s futures market since it opened has reached more than AED 650 million from more than 3.4 million contracts. As well as DFMGI and ADI index futures, the platform currently offers single stock contracts on 17 companies.

BHS is part of the Abu Dhabi-based KBBO investment group, which has a diverse portfolio of interests and operates in the UAE and across the Middle East.

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