Abu Dhabi bourse, Astana Exchange join hands to boost cooperation

Abu Dhabi Securities Exchange (ADX) has signed an agreement with Astana International Exchange (AIX) for the inclusion of AIX as the fourth member of the Tabadul Digital Exchange Hub.

The agreement will enable remote access for the exchanges’ respective brokerage companies through Tabadul, solidifying their commitment to expand bilateral relations and enhance cooperation.

The Abu Dhabi bourse launched Tabadul Hub in July 2022 as the first digital exchange centre in the GCC region. Tabadul is based on the mutual market access model and the other members of the platform include Bahrain Bourse and Muscat Securities Market.

The platform provides a digital exchange network for trading between member exchanges at the regional and global levels. It aims to improve cooperation and increase liquidity in the participating markets, by enabling trading across the markets.

“The signing of this agreement with AIX reaffirms ADX’s commitment to establishing a regional and global network for knowledge and information sharing through Tabadul, which is intended to bolster liquidity and mutual long-term economic growth with our partners,” said Abdulla Salem Al Nuaimi, CEO of ADX.

“Our partnership with AIX reinforces our commitment to driving market connectivity and transforming trading. This marks the beginning of an exciting new chapter, and we are determined to enhance market efficiency, and foster economic growth on a global scale.”

ADX expands Tabadul

Tabadul will allow investments across ADX and AIX, as well as enable investors to trade directly through licensed brokers in both markets, as is currently the case with the other exchange members of Tabadul.

The launch follows both exchanges’ earlier strategic partnership to implement the collaboration plans outlined in an MoU, which they signed in October 2021.

“One of the strategic goals of the AIX is to facilitate the incorporation of international expertise and the international stock market culture to Kazakhstan and bring offshore investors to the market,” Assel Mukazhanova, acting CEO of AIX said, adding that the deal will open up new opportunities for the Kazakhstani investors and broaden the range of instruments available to the market participants as retail investors will be able to trade directly through the licensed brokerage houses in both markets.

With AIX now joining the Tabadul Digital Exchange Hub, the scope and capabilities of the platform will be further expanded, offering a seamless and efficient trading experience for investors.

Tabadul platform will be accessible to investors who have registered with eligible local brokers, provided that they meet all the requirements set by their local exchanges.

Securities on Tabadul will be traded in the local currency of the respective exchange, and in some cases in the specified currency of traded asset, with no minimum amount required for orders.

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