Tadawul to enable ‘trade at last’ orders by end of H1 2019: CEO

19/03/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) will introduce some enhancement by the end of H1 2019, Khalid Al Hussan chief executive officer of Tadawul told Al-Arabiya TV on Tuesday.

 

The market will enable “trade at last” orders that allow participants to trade after the closing auction, based on the auction prices.

 

Tadawul is also considering to extend the closing auction time and introduce negotiated deals after the close of trading.

 

“The Saudi equity market will introduce exchange-traded derivatives and launch the clearing house this year. It will also announce derivatives regulations within the next two or three weeks,” Al Hussan said.

 

The Central Counterparty Clearing House (CCP) for clearing of securities in the Saudi capital market had earlier signed deals with Abu Dhabi Securities Exchange and Bahrain Bourse to attract listed-firms to the Saudi market.

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