Dubai: Brokerage House Securities (BHS) 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, the bourse said in an emailed statement.
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.
Total traded value on Nasdaq Dubai’s futures market since it opened has reached more than Dh650 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.