NAEEM Shares & Bonds brokerage announced on Wednesday that it joined Nasdaq Dubai’s equity futures platform as a member, in a move aiming to connect its Emirati, Egyptian, and international clients to the fast-growing market. Nasdaq Dubai’s equity futures is considered a tool for hedging client portfolios, as well as indicating share prices’ direction. Since its opening on September 2016, a total of 653,471 contracts have been traded on Nasdaq Dubai’s equity futures market, with traded value increasing every month. Expansion to the range of offered contract is planned, aiming to include futures on stocks listed on other MENA exchanges, in addition to equity index futures and equity options. NAEEM Shares and Bonds was established in the UAE in 2005 as a subsidiary of NAEEM Holding investment bank.

Source: Daily News Egypt January 19, 2017 11:53 UTC