Shuaa to be market-maker on new futures index on Nasdaq Dubai

Dubai: Shuaa Capital said on Tuesday its unit will be market makers on Nasdaq Dubai’s upcoming futures index, based on Dubai Financial Market’s Index, Abu Dhabi Securities Exchange’s ADI Index and MSCI’s UAE Emerging Market Index.

“The launch of index futures will add to the depth of instruments available to investors to meet their investment needs and hedging strategies. We stand ready to make a market, ensuring liquidity, favourable pricing and an orderly market place,” Magdi Shannon, head of Trading at Shuaa, said in a statement.