Dubai: All systems are ‘go' for trading of Nasdaq Dubai's listed equity stocks on the Dubai Financial Market platform from Sunday with the Dubai Financial Services Authority (DFSA) giving its final approval.
Clearing, settlement and custody functions for Nasdaq Dubai equities will also migrate to the DFM's systems. Under the outsourcing, Nasdaq Dubai's equities will remain listed on Nasdaq Dubai and will not be listed on DFM.
Trading of equity derivatives will continue to take place on Nasdaq Dubai's own trading platform.
A number of Nasdaq Dubai secondary share listings have full fungibility with their listings on other international exchanges.
