Abu Dhabi - Mubasher: The Abu Dhabi Securities Exchange (ADX) introduced five more single stock futures in a further step to develop its derivatives market.

Starting from 6 October, stock futures on Abu Dhabi Islamic Bank (ADIB), Abu Dhabi Commercial Bank (ADCB), Fertiglobe, Borouge, and AD Ports, will be available for trading on the ADX derivatives market, according to a recent press release.

In November 2021, the derivatives market was introduced to provide investors and traders with access to two-way market exposure, while providing hedging and leveraging capabilities. The market launched with trading in the single stock futures of Etisalat, First Abu Dhabi Bank (FAB), International Holding Company, ADNOC Distribution, and Aldar Properties.

In June 2022, futures contracts on the FTSE ADX 15 (FADX 15) Index were launched.

Managing Director and CEO of ADX, Saeed Hamad Al Dhaheri, commented: “The expansion of products on the derivatives market is important for the development of ADX as a vibrant trading hub for both investors and issuers. ADX is committed to broaden its range of offerings to meet the demands of its expanding investor base.”

The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year.