The Abu Dhabi Securities Exchange (ADX), starts derivatives trading next year in an effort to keep pace with rival bourses competing for a greater share of regional capital, Gulf Timesd.
“We see ourselves starting off with straight forward futures,” says Tom Healy, the bourses chief executive. “We are also looking into the legalities involved in launching options.”
ADX wants to compete with Gulf rivals such as the Dubai Financial Market and the Dubai International Financial Exchange for access to the global futures market that is estimated to be worth about $81 trillionn, according to the Bank of International Settlements.
The full article is available at the Gulf Times web-site.