ADX recognised for outstanding performance winning two World Business Outlook awards

ADX recognised for outstanding performance winning two World Business Outlook awards

Abu Dhabi: The Abu Dhabi Securities Exchange (ADX) has been awarded by World Business Outlook for ‘Best Trading Securities Exchange - MENA 2022’ and ‘Best Trading Derivatives Exchange – MENA 2022’ for accomplishments since 2021.

ADX won the ‘Best Trading Securities Exchange - MENA 2022’ award for reaching a record market capitalisation of more than AED 2.6 trillion making it the second largest exchange in the Middle East. This follows the acceleration of ADX strategy to attract listings and diversify its investment products. During the year, the Exchange maintained a robust pipeline of IPOs and listings including Bayanat AI, ADNOC Drilling, Yahsat and Burjeel. The exchange is today also home to eight Exchange Traded Funds (ETFs), making it the largest and most liquid ETF market in the region with more than AED 1.6 billion in trading values year to date. Furthermore, ADX also signed several MOUs with regional and emerging market exchanges in 2022 and launched Tabadul, the region’s first digital exchange hub. Based on the mutual market access model, Tabadul allows investments across ADX and other exchanges and enables investors to trade directly on multiple exchanges through licensed brokers in other markets.

ADX was also presented with the ‘Best Trading Derivatives