ADX signs agreement with AIX to enhance cooperation and expand bilateral relations

ADX signs agreement with AIX to enhance cooperation and expand bilateral relations

Abu Dhabi: Abu Dhabi Securities Exchange (ADX) announced today that it has signed an agreement with Astana International Exchange (AIX) for the inclusion of AIX as the fourth member of the Tabadul Digital Exchange Hub. Other members of Tabadul include Bahrain Bourse (BHB) and Muscat Securities Market (MSX).

ADX launched Tabadul Hub in July 2022 as the first digital exchange center in the region. Tabadul is based on the mutual market access model. It provides a digital exchange network for trading between member exchanges at the regional and global levels. Tabadul aims to improve cooperation and increase liquidity in the participating markets, by enabling trading across the markets.

The Agreement will enable remote access for the exchanges’ respective brokerage companies through Tabadul, solidifying their commitment to expand bilateral relations and enhance cooperation. Tabadul will allow investments across ADX and AIX, as well as enable investors to trade directly through licensed brokers in both markets, as is currently the case with the other exchange members of Tabadul.

The launch follows both exchanges’ earlier strategic partnership to implement the collaboration plans outlined in the Memorandum of Understanding, which they signed in October 2021. With AIX now joining the Tabadul Digital Exchange Hub, the scope and