Al Ramz Expands Role As Market Maker In Nasdaq Dubai Equity Futures
Umer Jamshaid Published March 31, 2020 | 02:00 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 31st Mar, 2020) Al Ramz, a financial institution in the UAE, has announced the expansion of its market-making activities on Nasdaq Dubai to strengthen its status as the leading provider of liquidity on all listed futures.
The move supports liquidity in the exchange’s futures market on behalf of investors who wish to take positions on the price moves of UAE and Saudi companies.
Commenting on the announcement, Mohammad Al Mortada Al Dandashi, Managing Director of Al Ramz Corporation Investment & Development, said, "We are delighted to greatly expand our collaboration with Nasdaq Dubai’s equity futures platform, which is one of the most exciting initiatives underway in the region’s capital markets. Al Ramz is committed to providing competitive spreads through our highly efficient market-making infrastructure, enabling investors to generate attractive returns and protect their wealth in the dynamic middle East marketplace.
"
Hamed Ali, Chief Executive of Nasdaq Dubai, said, "The strengthening of our longstanding collaboration with Al Ramz, as one of the UAE’s leading financial institutions, will be of great benefit to investors as they make use of the flexibility and leverage provided by our futures market. As we add further futures contracts, including on other stocks and equity indices across the GCC, Al Ramz’s expertise and experience will help to underpin the growth and success of the market."
Nasdaq Dubai’s futures give regional and international investors the ability to gain exposure to the UAE and Saudi equity markets without owning shares. The futures enable investors to hedge as well as make use of leverage.
Recent Stories
Pak, NZ T20I series online ticket booking from tomorrow
Pak-Türkiye strategize to boost bilateral trade to $5 billion
Chief Representative of CFFEX in Pakistan and PSX Director meet Finance Minister
SC conditionally allows army courts to announce reserved verdicts
12 suspects criminals arrests in search operation:SSP Larkana
Mayor Karachi chairs meeting of SSWMB
PMDC’s int’l recognition ‘historic milestone’ for Pakistan’s health in ..
Secretary HUD&PHE Asad Ullah Khan visits RDA
NHA mobilizes efforts to clear landslide in Zhob-Dhanasar section of N-50
Interior Minister, CM KP vow to eliminate terrorism
China to surpass 1 billion 5G connections this year: GSMA
Students gather at GCU to express solidarity with Palestinians, Kashmiris
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
2 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
5 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
5 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
5 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
5 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
5 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
5 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
5 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
5 months ago -
SIBF turns spotlight on remarkable contributions of women
5 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
5 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
5 months ago