Shuaa joins Nasdaq's equity market

Dubai: Shuaa Capital International, based in the Dubai International Financial Centre, Monday announced that it has become a trading member on Nasdaq Dubai's equity derivatives platform.

Mohammad Ali Yasin, Chief Executive of Shuaa Securities, the brokerage arm of Shuaa Capital, said: "The growth of Nasdaq Dubai's equity derivatives market over the past year marks an exciting new phase in the development of the Middle East's capital markets."

Nasdaq Dubai opened the UAE's only on-exchange equity derivatives market in November 2008. Trading volumes totalled 125,000 in 2009, with 73 per cent of trades taking place in the second half of the year.