Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that the Board of the Capital Market Authority (CMA) has approved rules for derivatives exchange trading and membership rules and procedures.

The derivatives exchange trading and membership rules and procedures aim to regulate derivatives exchange membership and trading activities on derivatives.

The planned launch of a Derivatives Market in Saudi Arabia follows on recent significant market developments, including the commencement of the Central Counterparty Clearing House (CCP) to develop future clearing services, Tadawul said in a statement on Wednesday.

Moreover, Tadawul will launch an index futures contract based on MSCI Tadawul 30 Index (MT30).

The Saudi stock exchange is also planning to launch additional derivative products gradually as part of its strategy to diversify its product offering and provide more investment opportunities for market participants.

On Tuesday, The Saudi CMA Board of Commissioners authorized Securities Clearing Center Company (Muqassa) to provide securities clearing services in the Kingdom as a designated Qualified Central Counterparty (QCCP).

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© Mubasher 2020