Abu Dhabi Securities Exchange Partners With Armenia For Market Growth

Abu Dhabi Securities Exchange (ADX) has signed a memorandum of understanding (MoU) with the Armenia Securities Exchange (AMX) to collaborate on several key initiatives. This agreement aims to strengthen ties between the capital markets of both countries and foster greater trading and investment opportunities.

The MoU allows ADX and AMX to explore cooperation in areas such as technology, sharing best trading practices, educational initiatives, and investor training. These efforts are geared towards promoting market development and innovation. The collaboration will also enable AMX to become a member of the Tabadul Digital Exchange Hub, enhancing connectivity and opening new avenues for cross-border investments.

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, stated: "Our agreement with the Armenia Securities Exchange marks a significant milestone on our journey to boost global connectivity and drive the exchange of information among ADX and other global markets. This collaboration extends our presence into West Asia, in line with our objectives to increase cross-border market activity and unlock further opportunities for investors. We look forward to welcoming AMX to our growing network of exchanges on the Tabadul digital hub. Tabadul provides investors a new investment gateway and an invaluable platform that offers seamless access to new growth markets and the investment options in good performing listed companies. In addition, we welcome Armenian investors to better understand ADX’s marketplace and to tap on the success and growth of ADX listed companies."

The newly launched Tabadul platform by ADX is designed for exchange member brokers. It enables brokers to trade across connected exchanges without needing foreign accounts, thus offering easy access to foreign exchange instruments. This platform will also increase the visibility of Armenian securities, particularly government bonds, among Middle Eastern investors.

Hayk Yeganyan, CEO of Armenia Securities Exchange (AMX), commented: "The Abu Dhabi Securities Exchange is one of the largest in the Middle East and has recently launched a new platform, Tabadul, designed for exchange member brokers. This platform enables brokers to trade across connected exchanges, granting them easy access to foreign exchange instruments without the need to open accounts abroad. Additionally, the platform will enhance the visibility of Armenian securities, particularly government bonds, to Middle Eastern investors, thereby attracting foreign investment. We are currently working to overcome the legal and technical challenges necessary to join the platform.''

Strengthening Cross-Border Market Activity

This MoU is expected to bolster cross-border market activity between UAE and Armenia. It aims at contributing significantly to the growth of securities markets in both regions. By signing this MoU, AMX takes a crucial step towards becoming a bridge between the Middle East and Europe.

Yeganyan added: "By signing this MoU, we are taking a significant step toward becoming a bridge between the Middle East and Europe, which will help bring more investments to our region."

This partnership underscores both exchanges' commitment to fostering greater trading opportunities while enhancing market connectivity.

With inputs from WAM