Nasdaq Dubai, a stock exchange operator in the United Arab Emirates (UAE), announced this Monday that it is launching a campaign to promote trading in equities futures. The campaign is being launched in collaboration with Brokerage House Securities (BHS) – a broker based in the UAE.
A statement released by Nasdaq Dubai indicates that the campaign will largely be composed of various educational materials. For instance, the stock exchange operator will be holding seminars at its MarketSite event space, located in the heart of that famously kitsch city – Dubai.
Alongside this, Nasdaq Dubai and BHS will be holding workshops to educate traders on equities futures trading. The two companies will also be releasing videos that highlight the benefits of equities futures and detail how one goes about trading them.
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Based on Nasdaq Dubai’s statement, it seems likely that the benefits discussed will include the ability to use leverage and hedging against other investments. The statement also noted that futures could be used to manage cash flow and make gains in a falling market.
Nasdaq Dubai derivatives market
BHS is a trading Member of Nasdaq Dubai’s derivatives market, which opened in 2016 and includes single stock futures on 17 UAE companies. The exchange announced last month that it will add futures on 12 companies listed on Saudi Arabia’s Tadawul exchange later in 2018.
The statement released by Nasdaq Dubai this Monday also notes that the two firms will not be encouraging traders to start throwing their money around. Alongside its educational efforts, the campaign will also show traders how to be responsible decision-makers.
Hamed Ali, Chief Executive of Nasdaq Dubai, commented on the new partnership, saying: “BHS is an excellent collaboration partner for Nasdaq Dubai as we expand our mission to raise public awareness of the benefits of equity futures. The ability to trade futures supports vibrant trading activity in the underlying equities and provides excellent opportunities for their investment options.”