With a career extending to Russia, Eugene (Evgueni) Maftsir is a New Jersey investment professional who focuses on areas such as commodities. Another of Eugene Maftsir’s areas of knowledge and focus is derivatives. These financial contracts take their value from an underlying entity’s performance, whether it is an index, asset, or interest rate.
In November 2021, the Abu Dhabi Securities Exchange (ADX), which has been the recent top performer in the Persian Gulf, announced that it was launching a derivatives market. This allows the trading of single equity futures of specified companies listed on the ADX. Traders and investors gain increased leverage, as well as hedging capacities within a dynamic two-way market environment.
ADX represents the region’s second-largest bourse, after Tadawul in Saudi Arabia. Its value has been bolstered in 2021 through major new listings, including ADNOC Drilling, which is owned by the Abu Dhabi National Oil Company. With the ADX having risen nearly 60 percent through the first three quarters of 2021, the bourse attained a market cap of $370.31 billion.
Securities tradable as equity futures from the outset of the derivatives market include ADNOC Distribution, First Abu Dhabi Bank, Etisalat, and Aldar Properties. The first quarter of 2022 will witness the launch of index futures, as a prelude to a broader range of derivative product offerings.
