Abu Dhabi Stock Exchange (ADX) uses Nasdaq technology to launch derivatives market

Nowadays, Abu Dhabi Stock Exchange (ADX) announced that it has passed Nasdaq (Nasdaq: NDAQ) Provide market technology solutions, including matching, real-time clearing and settlement technology.

ADX is rapidly expanding its asset class and developing new products for regional and international investors. The ADX Composite Index (ADI) recently exceeded 7,700 points for the first time, thanks to a series of listings and increased participation by international investors. In addition, the index has risen 52% so far this year, making it one of the world’s best-performing stock indexes.

The exchange plans to launch single stock futures and index futures in the fourth quarter of this year, and then expand to a wider range of derivatives. This move will further diversify investment channels and provide investors with hedging tools for effective risk management.

The derivatives market will also introduce central counterparty clearing (CCP) to improve clearing efficiency, stability and market confidence.

His Excellency Mohamed Ali Al Shaolafa Al Hamadi, Chairman of ADX, Commented: “ADX is significantly improving liquidity and expanding market capitalization through our’ADX One’ strategy, which provides a clear roadmap for the further development of a vibrant exchange. By deepening our capital market and adding innovative products and In the scope of services, we are supporting the UAE’s economic diversification strategy, providing favorable global capital channels for growth companies, and allowing investors to participate in the UAE’s ambitions.”

Saeed Hamad Al Dhaheri, CEO of ADX, Added: “Our business relationship with Nasdaq can be traced back to the establishment of ADX in 2000. Over the past two decades, we have cooperated with a series of measures to ensure that investors benefit from efficient market infrastructure technology. Benefits. We believe that the launch of the derivatives market will be another important milestone, empowering investors who wish to implement complex trading strategies. Our strategy is to further invest in technology, expand our product range and attract more A wide range of institutional investors ensure that investors and issuers obtain significant benefits from the complex market.”

Lars Ottersgård, Executive Officer Vice President and Head of Technology, Nasdaq Market, Said: “ADX continues to be the industry leader in the innovation and development of the Middle East capital market ecosystem. By leveraging Nasdaq’s powerful and flexible technical solutions, ADX can further strive to expand into a leading derivatives market and the greatest diversification. One of the markets. -The asset market in the Middle East. We look forward to advancing our technology partnership and supporting ADX’s growth journey.”

Nasdaq’s end-to-end market technology supports more than 2,300 companies in 50 countries/regions. These companies span the global financial industry, including capital market infrastructure operators, market participants, banks, and regulators.

The ADX One strategy was launched in early 2021, aiming to bring a wider range of products and services to the market, and to cooperate with global market leaders to invest in the most advanced infrastructure. As of August 2021, ADX has 78 companies listed on its primary and secondary markets.