ABN AMRO launches first exchange-traded MINI Futures on Emirates Integrated Telecommunications and Dubai Investments

The MINI Futures have been listed on the SWX Swiss Exchange, and ABN AMRO will provide intra-day liquidity subject to a bid-offer spread.

Following the successful launch of the first MINI Future on Emaar Properties, these two new MINI Futures expand the range of choices for investors willing to take exposure to the UAE market.

Ruggiero Lomonaco, Head of Middle Eastern and Islamic Private Investor Products at ABN AMRO commented:

"Images of Dubai and the UAE are becoming very familiar on European TV channels and people want to know how to participate in this economic miracle. MINI Futures on UAE shares are just another way to do that as they trade like regular shares on a stock market. Our role as financial products providers is to give choice to investors, and we do this by making available the largest possible range of products. We have over 600 products listed on the SWX of which over 150 are MINI Futures".

MINI Futures are securitised derivative instruments that track the performance of an underlying stock, currency, index or commodity. Like Futures, they give investors the possibility of taking exposure to a certain underlying asset without buying the full nominal amount. However, MINI Futures do not require depositing a margin with a clearing house and are therefore not subject to margin calls if the underlying moves against the investor. The small denomination of MINI Futures and their easy accessibility on main European stock exchanges means that MINI Futures can be used even by retail investors for hedging or investment purposes.

There are two types of MINI Futures: MINI Longs, which benefit from a rise of the price of the underlying investment; MINI Shorts, which benefit from a fall of the underlying investment. All MINI Futures on UAE stocks launched to date are MINI Long.