The Abu Dhabi Securities Exchange (ADX) has launched ADX Group, a new market infrastructure, and two new subsidiaries: Abu Dhabi Clear (AD Clear) and Abu Dhabi Central Securities Depository (AD CSD).
ADX’s new market infrastructure was announced on 24 February, as part of a wider push to attract more investments into the UAE, as well as strengthening Abi Dhabi’s position as an investment hub and financial centre.
“With the launch of ADX Group, we are not just building a financial marketplace; we are shaping the future of investment in Abu Dhabi and contributing to long-term economic development of the UAE and in the region,” said H.E Ghannam Al Mazrouei, chairman of the ADX Group.
“More regional and global investors will benefit from seamless access to the ADX platform to unlock opportunities for expansion in the emirate’s thriving sectors and industries.”
The ADX Group’s new business model aims to transform and future-proof its capital market.
With new post-trade capabilities and services, an enhanced trading system, and new clearing and settlement platforms, the Group aims to unlock more investment opportunities and deepen market liquidity through the provision of improved access to market activities and growth sectors in Abu Dhabi.
These improvements will allow the ADX Group to introduce more diverse product offerings and services to address changing demands of institutional and retail investors, issuers and businesses in the UAE and the wider Middle East region.
As part of this transformation, ADX has entered a strategic technology partnership with Nasdaq to deliver a Core Platform Upgrade (CPU), which will introduce improved capabilities across trading, clearing, and post-trade services.
All enhancements further boost ADX’s operational readiness, attract new types of new market participants, and increase trading activities, according to the firm.
Elsewhere, its new post-trade subsidiaries, AD Clear and AD CSD, support the securities market by providing essential clearing, settlement, depository, and risk management services for both local and international investors.
These services are expected to help improve market efficiency and facilitate the flow of capital to further economic growth.
“The ADX Group is leading the way in using new technology to expand and strengthen Abu Dhabi’s investment landscape,” said Abdulla Salem Alnuaimi, group chief executive officer at ADX.
“Our enhanced trading system aims to increase resilience and performance by 400%, reinforcing the emirate’s position as a global financial hub.”