Survey: GCC equity derivatives market set to grow

06 Apr 2010

(MENAFN) A survey conducted by Nasdaq Dubai found that 79 percent of fund managers and brokers believe that the Gulf region’s equity derivatives market is likely to expand this year, Gulf News reported

According to the study, 87 percent described equity derivatives as useful tools for managing risk, while 72 percent said their organization was interested in learning more about the uses and benefits of equity derivatives.

The survey received responses from representatives of 40 fund managers and brokerage firms who attended the FOW Derivatives World Middle East conference in Dubai on March 16.

Nasdaq Dubai launched the UAE’s sole equity derivatives platform in November 2008. Trading volumes expanded from 90 in January 2009 to several thousand each week by the end of the year. Nasdaq Dubai was acquired late last year by the Dubai Financial Market, The deal is awaiting regulatory approval.

The market currently consists of futures over 21 individual UAE stocks and over the FTSE Nasdaq Dubai UAE 20 index, which is correlated with equity markets across the Middle East and North Africa and offers hedging and investment possibilities.

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