The Saudi Stock Exchange (Tadawul) said in a statement today it was reminding the market participants of the imminent launch of the derivatives market and the beginning of trading MT30 Index Futures on Sunday, 30 August.
MT30 Index Futures will be Saudi Arabia’s first exchange-traded derivatives product and marks the beginning of derivatives trading in the Kingdom. “This launch is a significant step to further advance the Saudi capital market, providing investors with a full and diversified range of products and services,” Tadawul added.
The MT30 Index Futures, which is based on the MSCI Tadawul 30 Index (MT30), is developed to provide investors with trading and hedging tools to more effectively manage risks, the statement concluded.
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