Abu Dhabi Securities Exchange (ADX) has selected the Intercontinental Exchange’s (ICE) Global Network to offer direct market access to global institutional investors.
ICE Global Network will be leveraged by ADX to expand its global investor base by facilitating real-time access to market data and order entry.
With hubs located worldwide, the ICE Global Network offers content, delivery and execution services through fibre and wireless networks.
The addition of ADX to ICE Global Network follows previous initiatives by ICE in the region, having previously partnered with the Abu Dhabi National Oil Company (ADNOC) to create ICE Futures Abu Dhabi, alongside bringing improved accessibility to local markets.
“ADX’s collaboration with ICE Global Network, widely used by financial institutions and trading firms around the world, aligns with our strategic goal to enhance connectivity in the market and demonstrates our commitment to facilitating access for global investors in Europe, Asia and the US to one of the world’s fastest growing markets,” said Abdulla Salem Alnuaimi, chief executive of ADX.
“The strengthening of Abu Dhabi’s dynamic capital market will serve to support the long-term sustainable growth of the UAE economy and the exchange will continue to explore partnerships that support both regional and global connectivity as well as a deeper and more liquid market.”
The ICE Global Network offers banks, asset managers, hedge funds and other market participants direct market access to data and execution services from more than 150 exchanges and marketplaces around the world.
The network’s managed services provide customers with end-to-end hosting, hardware procurement, connectivity and support through a single ICE Global Network solution.
“Our network was designed to connect investors with marketplaces and opportunities globally and our work with ADX is a perfect match for that purpose,” said Margaret Niche, head of ICE Global Network.
“The ICE Global Network offers a portfolio of solutions for low latency data delivery that connects firms around the world and is part of our global data business which provides multi-asset market data and analytics, desktop solutions, hosting and connectivity that provide greater market transparency and helps our customers manage risk in evolving markets.”