Nasdaq Dubai signed a licencing agreement to launch derivatives on index provider FTSE Russell’s Saudi Arabia equity indices later this month, as part of an expansion of its trading products, the parties said in a statement on Monday. The derivatives will launch on the FTSE Saudi Arabia index “later this month”, the statement said. They are designed to attract global and regional market participants including the many funds that use FTSE Russell’s indices as benchmarks for investing in Saudi equities. The launch is subject to regulatory approval. Other derivatives are set to be launched in the coming months, the parties said.