Astana International Exchange joins ADX’s Tabadul Hub

  • Date: 07-Jun-2023
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Astana International Exchange joins ADX’s Tabadul Hub

The Abu Dhabi Securities Exchange (ADX) has signed an agreement with Astana International Exchange (AIX), an efficient, globally supported exchange platform for both Kazakhstan and the Central Asian region, 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.

Abdulla Salem Al Nuaimi

CEO – ADX “The signing of this agreement with AIX reaffirms ADX’s commitment to establishing a regional and global network for knowledge and information sharing through Tabadul, which is intended to bolster liquidity and mutual long-term economic growth with our partners. Our partnership with AIX reinforces our commitment to driving market connectivity and transforming trading. This marks the beginning of