Abu Dhabi-based brokerage Securities & Investment Company (Sico) UAE has become a member of Nasdaq Dubai’s equity derivatives market.
The move is designed to provide clients with a new facility to take positions on regional markets, said the broker. It is the latest step in the regional expansion plan of parent company and Bahrain-based investment bank Sico.
“Nasdaq Dubai’s expanding equity derivatives market offers attractive investment opportunities to our growing range of mainly institutional and high net worth individual clients and paves the way for us to introduce new investment products which our markets until recently were lacking the tools to make such products feasible,” said Sico UAE chair Najla Al Shirawi.
“Sico UAE provides a significant new investor channel into our equity derivatives market as we prepare for further growth, which will in due course include the addition of a variety of futures products on regional share markets,” added Nasdaq Dubai chief executive Hamed Ali.
©2018 funds global mena