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UAE Single Stock Futures
Underlying Shares
Contract Specifications
| Title | Desc |
|---|---|
| TitleContract underlying | DescSecurity traded on a UAE stock exchange and as approved by Nasdaq Dubai and published by way of notice |
| TitleCurrency | DescSame as trading currency of underlying security in primary market. Settlement currency will be in AED or USD as selected by each Clearing Member |
| TitleContract Series | Desc 1 month, 2 months and 3 months expiry |
| TitleMinimum Price Movement (Tick size) | Desc0.001 |
| TitleDaily Price Limits | Desc20% up and 15% down from previous closing price |
| TitleSettlement Type | DescCash settled |
| TitleExpiration Settlement Price | DescLast 30 minutes of volume weighted average price (VWAP) of the underlying security |
| TitleLast Trading Day /Expiry Day | Desc3rd Thursday of the expiry month. In the event of this not being a Business Day, the Last Trading Day shall normally be the Business Day prior to the 3rd Thursday. |
| TitleSettlement Day | DescBusiness Day following the Expiry Day |
| TitleListing of New Contract | DescMonth 2nd Thursday of the expiry month i.e Thursday prior to Expiry Day |
| TitleTrading Hours | DescMonday- Friday, 10:00 - 15:00 (UAE Time) |
| TitleContract Size | Desc100 shares |
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