Finance & Capital Market

Al Ramz expands leading role at Nasdaq Dubai

Al Ramz, a leading financial institution in the UAE, said it has expanded its market-making activities on Nasdaq Dubai to strengthen its status as the leading provider of liquidity on all listed futures.
 
The expanded activity by Al Ramz follows its strategy to develop market making and liquidity providing offerings.
 
The move supports liquidity in the exchange’s futures market on behalf of investors who wish to take positions on the price moves of UAE and Saudi companies, said a top official. 
 
"We are delighted to greatly expand our collaboration with Nasdaq Dubai’s equity futures platform, which is one of the most exciting initiatives underway in the region’s capital markets," remarked Mohammad Al Mortada Al Dandashi, the Managing Director of Al Ramz Corporation Investment & Development.
 
"Al Ramz is committed to providing competitive spreads through our highly efficient market-making infrastructure, enabling investors to generate attractive returns and protect their wealth in the dynamic Middle East marketplace," he stated. 
 
Nasdaq Dubai CEO Hamed Ali said the strengthening of its longstanding collaboration with Al Ramz will be of great benefit to investors as they make use of the flexibility and leverage provided by the futures market.
 
"As we add further futures contracts, including on other stocks and equity indices across the GCC, Al Ramz’s expertise and experience will help to underpin the growth and success of the market," he added.-TradeArabia News Service