Al Ramz expands market making on Nasdaq Dubai

NasdaqDubai-based asset manager Al Ramz has added to its market making business by expanding its activity on Nasdaq Dubai’s equity futures platform. According to Al Ramz, the move will provide more liquidity for investors looking to take positions of price moves from UAE and Saudi companies. It follows Al Ramz acquisition of Shuaa Capital’s market making business in January 2020 and its strategy to develop its market making and liquidity providing activities. The news was welcomed by Nasdaq Dubai which is itself looking to develop its futures business, which is designed to give investors exposure to regional stocks without having to own shares directly. The exchange currently offers single stock futures on 17 UAE companies and 12 Saudi companies. “The strengthening of our longstanding collaboration with Al Ramz… will be of great benefit to investors as they make use of the flexibility and leverage provided by our futures market,” said Hamed Ali, chief executive of Nasdaq Dubai. © 2020 funds global mena

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