ADX, Kazakhstan Stock Exchange join forces to boost cooperation

Abu Dhabi Securities Exchange (ADX) has signed an agreement with the Kazakhstan Stock Exchange (KASE) and KASE Clearing Centre (KACC) to include the Kazakh exchange as the sixth member of the Tabadul Digital Exchange Hub.

The partnership seeks to advance cross-border trading between the exchanges and expand investment opportunities.

The technical connection to Tabadul is expected to be completed by the end of the year. Two Kazakhstan brokerage companies, Freedom Finance Global and Halyk Finance, already have access to Tabadul Hub, and several other local brokers are in the process of connecting to it.

Founded by the ADX in 2022, Tabadul connects multiple exchanges for cross-border trading. The digital platform has more than a million registered investors and offers access to various sectors.

“With KASE on board, investors can access multi-asset investment opportunities and benefit from market efficiencies not only in Kazakhstan and the UAE but also in growth markets such as Oman, Bahrain, Tajikistan, and more, driving liquidity and market efficiency,” said Abdulla Salem Alnuaimi, group CEO of ADX.

With KASE 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.

The Tabadul platform will be accessible to investors who register with eligible local brokers and meet all the requirements set by their local exchanges.

ADX’s global reach

Meanwhile, the partnership between the Abu Dhabi bourse and KASE follows similar pacts with the Astana International Exchange, New York Stock Exchange and Shenzhen Stock Exchange as stock markets in GCC countries tap other growth markets to promote cross-border investment and listings.

ADX partnered with Eureeca, a global investment platform that matches individual and institutional investors with growth and pre-IPO companies, in March to bolster accessibility to initial public offerings (IPOs). The initiative is expected to tap into the growing interest of regional and global retail investors and high-net-worth individuals.

The Abu Dhabi exchange signed an MoU with the New York Stock Exchange in November 2023 to collaborate on several key business activities, including the dual listing of companies on both exchanges.

The two exchanges will explore opportunities to develop ETFs and data and index products, as well as collaborate on sustainability-related initiatives.

Similarly, the pact between the ADX and Shenzhen Stock Exchange focuses on bolstering cross-border index and ETF cooperation, as well as exploring international financing opportunities.

Read: ADX, Eureeca join forces to expand global investor access to IPOs