ADX strikes commercial deal with Borsa Istanbul for technological support

ADX strikes commercial deal with Borsa Istanbul for technological support

Abu Dhabi Securities Exchange (ADX) has entered into a commercial agreement with Borsa Istanbul, the sole exchange entity of Turkey, wherein the latter will offer implementation and consultancy support to ADX in the field of Information Technologies (IT).

The agreement was signed by Mr. Korkmaz Ergun, CEO of Borsa Istanbul and Mr. Saeed Al Dhaheri, Managing Director and CEO of ADX.

Within the framework of this commercial agreement signed between the Exchanges of the two countries, Borsa Istanbul will provide consultancy service to ADX in the field of IT and the establishment of systems, integration, updating the platform, transferring data to the new platform, application and acceptance tests, experience transfer and training.

Hisham Khalid Malak

Chairman – ADX “Broadening global partnerships is a core element of ADX’s strategy to increase liquidity, enhance market efficiency, and drive the sustainable growth of our market. We are appreciative of the role that Borsa Istanbul will play in further developing ADX’s technological capabilities. We also look forward to exploring further areas of cooperation for the mutual benefit of our exchanges in line with the memorandum of understanding signed in November.”

Mr. Ergun remarked that this agreement marks their first service export as Borsa Istanbul. As part of the agreement,