Reminder Announcement by Tadawul Regarding Derivatives Market Launch on Sunday 30 August
Wednesday, August 26, 2020 at 3:30 PM
Wed Aug 26, 2020 15:30
Reference to the market announcement dated on 14/7/2020, regarding the launch date of Derivatives Market, the Saudi Stock Exchange would like to remind the market participants that the launch date of Derivatives Market and the beginning of trading MT30 Index Futures will be 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. 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.
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