DIFX to launch stock futures
Dubai International Financial Exchange (DIFX) is set to launch its first stock index futures and single-stock futures in late November as part of a series of moves to help boost liquidity on the market.
The single-stock futures will reference shares listed in the DIFX-listed Dubai Ports World DPW.DI, plus 12 DFM and seven ADX stocks.
DIFX has also announced other reforms aimed at attracting more volumes, such as allowing companies to list in dirhams as well as in dollars. It has already announced plans to extend trading hours and allow trading on Sundays, in line with regional practice.
The exchange, dominated by institutional investors, says it is seeking to beef up its retail investor base, a characteristic of the ADX and DFM.
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