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Tadawul welcomes five members to derivatives market

Tadawul welcomes five members to derivatives market
The joined members can now provide brokerage services for derivatives trading

Riyadh - Mubasher: The first group of the derivatives exchange members has joined the Saudi Stock Exchange’s (Tadawul) derivatives market after completing all necessary regulatory and technical requirements and procedures.

The list includes NCB Capital Company, Derayah Financial Company, SAMBA Capital & Investment Management Company, in addition to the Saudi Fransi Capital Company and HSBC Saudi Arabia, according to a statement on Sunday.

The new members can now provide brokerage services for derivatives trading and deal as a principal and an agent in Tadawul.

In July, the Saudi bourse said it will launch the Derivatives Market on 30 August 2020 to start trading of the kingdom's first exchange-traded derivatives product, offering investors a comprehensive and diversified range of investment products and services.