ADX unites with London’s FTSE Russell to develop new benchmark indices

ADX unites with London’s FTSE Russell to develop new benchmark indices

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The Abu Dhabi Securities Exchange (ADX) has entered into a partnership with FTSE Russell, a subsidiary of the London Stock Exchange Group, to develop co-branded indices.

According to the statement, it will support the exchange’s recently launched derivatives market and bring the ADX’s stock performance measures into line with global standards.

“As of 10th of January 2022, the FTSE ADX General Index is replacing the ADX General Index, and FTSE ADX sector indices will take the place of the existing sector indices, leveraging the Industry Classification Benchmark,” as per the Abu Dhabi Securities Exchange.

The ADX exchange is the first in the region to appoint FTSE Russell as its index administrator. The alliance will co-develop additional new indices to support ADX’s objective of launching tradable new index products on its market.

The exchange launched single stock futures in the fourth quarter of 2021 following an agreement sealed in September with NASDAQ to deliver matching, real-time clearing, and settlement technology as ADX broadens its asset class offerings, as per the reports.

Saeed Hamad Al DhaheriCEO – ADX

“Our partnership with FTSE Russell is part of ADX’s wide-ranging strategy to develop a dynamic exchange, which includes investment in state-of-the-art market technology and increasing the opportunity set for