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ADX to list local firm as market maker – CEO

ADX to list local firm as market maker – CEO
Another firm will be licensed to act as a liquidity provider during the first half of 2018

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) plans to list a domestic company to act as a market maker by the next month, ADX’s CEO Rashed Al Blooshi said.

Another firm will be licensed to act as a liquidity provider during the first half of 2018, Emarat Al Youm newspaper reported, citing Al Blooshi as saying.

The futures trading on the ADX's main share index, the ADI, launched on Sunday 18 February, will provide an easy and effective instrument for hedging and carry out the strategy of securities portfolio management, Al Blooshi added.