Abu Dhabi Bourse to Introduce ETF Next Month, Futures Later
- Exchange CEO says finalizing infrastructure for derivatives
- Bourse also discussing launch of real estate investment trust
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Abu Dhabi Securities Exchange will list an exchange-traded fund next month and is planning to introduce derivatives such as futures contracts soon, the bourse’s chief executive officer said.
The exchange in the capital of the United Arab Emirates is close to setting up a central clearing house, which is a prerequisite for derivatives trading, Khaleefa Al Mansouri said in an interview. Investment banks will probably be able to buy and sell them for customers next year, he said.