Emirates NBD partners with Abu Dhabi Securities Exchange to offer clients instant trading access

Emirates NBD partners with Abu Dhabi Securities Exchange to offer clients instant trading access

DUBAI, 31st January, 2023 (WAM) -- Emirates NBD Securities, a leading brokerage firm in the UAE, has partnered with Abu Dhabi Securities Exchange (ADX) to provide traders with instant access to the exchange’s listed companies, enabling it to offer instant trading account opening and digital onboarding to another UAE stock exchange.

The partnership will allow more than one million Emirates NBD customers to start trading instantly on ADX and support the buoyant demand for ADX listed companies. Investors will be able to kickstart their trading journey through a simple three-step process which will provide instant National Investor Number (NIN), trading account and investor account. This will eliminate the need to print, sign, scan and e-mail documents.

The initiative supports ADX’s strategy of leveraging digital solutions to widen its investor base and to enhance market liquidity. Trading value on the ADX reached AED 450 billion in 2022, an increase of almost 21.9 percent from 2021, supported by a series of listings and increased international investor participation. Meanwhile, the benchmark FADX 15 Index gained 22.6 percent in 2022, making it the best performing index in the Arab world.

Commenting on the announcement, Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, said, “Emirates NBD