Abu Dhabi Securities Exchange (ADX) has signed an agreement with Nasdaq, that will enable the bourse to launch derivatives market this year. Nasdaq will deliver marketplace technology solutions, including matching, real-time clearing and settlement technology. The exchange plans to launch single stock futures and index futures in the fourth quarter of this year before expanding to a wider range of derivative products. The initiative will further diversify investment avenues and provide investors with hedging tools for effective risk management. ADX is expanding asset classes and developing new offerings for both regional and international investors. The ADX General Index (ADI) has recently reached 7,700 points for the first time, supported by a series of listings and increased participation by international investors. In addition, the index has gained 52 per cent year to date.
ADX is on a journey to significantly enhance liquidity and expand market capitalisation through our ‘ADX One’ strategy, which provides a clear road map for further development of a vibrant exchange. The ADX One strategy, launched at the start of 2021, aims to bring a broader offering of products and services to market and invest in infrastructure in partnership with global market leaders. By leveraging Nasdaq’s robust and flexible technology solutions, ADX can further evolve its endeavours to expand into a leading derivatives marketplace and one of the largest multi-asset marketplaces in the Middle East.