ADX, Bahrain launch digital exchange hub
- Date: 07-Jul-2022
- Source: The Gulf Time
- Sector:Financial Markets
- Country:UAE
ADX, Bahrain launch digital exchange hub
Local News, News
Abu Dhabi / WAM
Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced the launch of the region’s first digital exchange hub – Tabadul, with an official bell ringing ceremony live streamed from BHB and the ADX headquarters.
Hisham Malak, Chairman of ADX, rang the market opening bell at ADX and Shaikh Salman bin Khalifa Al Khalifa, the Minister of Finance and National Economy, rang the market opening bell at Bahrain Bourse with the attendance of Zayed bin Rashid Al Zayani, the Minister of Industry and Commerce & Minister in Charge of Bahrain Bourse, and Rasheed Mohammed Al Maraj, the Governor of central bank of Bahrain, along with board of directors and executive management of both exchanges.
Tabadul was the result of the signed strategic partnership agreement in November 2021 between ADX and BHB to implement a cross-border plan in trading and the post-trading environments.
Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors to trade directly on both exchanges through licensed brokers in both markets.
ADX has 20,000 registered Bahraini investors with a total trading
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