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NASDAQ Dubai and OIC Ink Pact for Middle East Investor Education

DUBAI - NASDAQ Dubai and The Options Industry Council (OIC), a world leader in equity options education, have signed a licensing agreement to develop an equity options education programme for Middle East investors and financial advisers.

NASDAQ Dubai, the international stock exchange serving the Middle East, will tailor content provided by Chicago-based OIC to deliver a comprehensive education programme. This will include seminars run by NASDAQ Dubai Academy explaining equity options for institutional and individual investors, as well as brokers. Options are derivatives that are used around the world to hedge risk. In 2008, 3.58 billion options contracts were traded on exchanges in the US

NASDAQ Dubai is working to list equity options in 2009 (subject to regulatory approval), following the launch of its equity futures market in November 2008.

Jeff Singer, Chief Executive of NASDAQ Dubai, said: “Supported by the internationally recognized expertise and training materials of the OIC, NASDAQ Dubai aims to play a key role in delivering information about the opportunities offered by equity options trading. Options traded on-exchange have the potential to become a major asset class in the region as investors seek to insure against risk.”

“OIC has experienced continued worldwide investor interest in the US equity options markets, and the use of this versatile investment tool, generally,” said Gina McFadden, OIC President. “Working with NASDAQ Dubai to bring options education to the Middle East is a natural extension of OIC’s mission to inform investors and their financial advisors about the benefits and risks of equity options.”

business@khaleejtimes.com