DUBAI: NAEEM Shares and Bonds Becomes Member of Nasdaq Dubai’s Equity Futures MarketSource: www.export-egypt.com 1/18/2017, Location: Middle East |
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NAEEM Shares and Bonds, NSB, brokerage has joined Nasdaq Dubai’s equity futures platform as a member in order to connect its UAE, Egyptian and international clients to the fast growing market.
As a subsidiary of NAEEM Holding, NAEEM Shares and Bonds brings in substantial knowhow and market awareness to support futures trading through a wide range of institutional, high net worth and other individual investors. Commenting on the announcement, Hamed Ali, Chief Executive of Nasdaq Dubai, said, "As we prepare to further expand our futures platform, the addition of NAEEM Shares and Bonds adds significant capacity to the market in geographical reach and investor access. Its arrival as a futures member of the exchange also further strengthens the close capital market ties that are being developed between Egypt and the UAE." Youssef El Far, Chairman of NAEEM Shares and Bonds, said, "Many of our clients see Nasdaq Dubai’s equity futures as ideal tools for hedging their portfolios, or as an indication on share prices’ direction. We look forward to bringing new clients from the MENA region as well as Europe and the US to trade on the futures market, as part of our expansion plan to develop our brokerage activities." A total of 653,471 contracts have traded on Nasdaq Dubai’s equity futures market since it opened on 1st, September, 2016, with traded value increasing every month. The exchange intends to expand the range of contracts offered to include futures on stocks listed on other MENA exchanges, as well as equity index futures and equity option. |
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