QMM to become market maker for Chimera Capital’s ADX-listed ETFs – The National

QMM to become market maker for Chimera Capital’s ADX-listed ETFs – The National

Chimera Capital, an Abu Dhabi-based investment management firm, said Q Market Makers has become the market maker for four of its exchange-traded funds listed on Abu Dhabi Securities Exchange.

QMM, part of Abu Dhabi holding company ADQ, played an active role in the past 18 months to boost liquidity and trading activity on the ADX, Chimera Capital, a subsidiary of Chimera Investment, said in a statement on Monday. QMM was launched in 2020.

“By harnessing their specialised expertise, innovative technology and capital deployment capabilities, QMM will help increase Chimera’s ETF activity and price efficiency,” Syed Shueb, chairman of Chimera Capital, said. “QMM’s involvement further signifies the maturity of the ever-growing ETF market in the UAE.”