Dubai - Mubasher: SHUAA Capital on Tuesday announced that its market making and liquidity provision arm SHUAA Capital International will be a market maker on Nasdaq Dubai’s new index futures.

Nasdaq Dubai is set to launch a new index based on Dubai Financial Market General index (DFMGI), Abu Dhabi Securities Exchange’s general index (ADI), and MSCI’s Emerging Market Index of the UAE, according to SHUAA Capital.  

“We remain committed and look forward to help take the country’s financial sector to the next level by rolling out similar innovative facilities and instruments,” said Fawad Tariq Khan, SHUAA Capital’s general manager.

The top official congratulated the exchanges and relevant parties participating in the deal, which described as “an excellent step in the development of the UAE’s capital markets.”

Meanwhile,  Magdi Shannon, head of trading at SHUAA, commented that “The launch of index futures will add to the depth of instruments available to investors to meet their investment needs and hedging strategies.”

SHUAA was registered as a market maker and liquidity provider on both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) in April and Mai, respectively.