ADSS Becomes 33rd Member Of Abu Dhabi Securities Exchange, Widening Financial Instruments Access

ADSS, a financial services firm based in Abu Dhabi, has joined the Abu Dhabi Securities Exchange (ADX) as a trading member. This move allows ADSS clients to trade locally listed equities. The firm offers a broad range of financial instruments, including global and regional equities, FX, metals, global indices, commodities, and cryptocurrencies.

Prior to joining ADX, ADSS expanded its licenses with the UAE’s Securities and Commodities Authority. The firm now holds four out of five category 1 licenses, making it a Trading Member for the cash market and a Trading and Clearing Member for the Derivatives Market of ADX.

Mahmood Al Mahmood, Chairman and Managing Director of ADSS, expressed pride in including ADX-listed stocks on their platform. He noted that ADX-listed stocks have been among the best performers globally and have seen significant activity in new IPOs. This development opens up new opportunities for clients to diversify their investment portfolios.

"Joining ADX will further support our growth strategy of expanding the offering to our client base," Al Mahmood said. "We continue to harness advanced technologies and meet the evolving needs of our clients with more personalised products and services."

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, welcomed ADSS as the newest market member. With ADSS's inclusion, the total number of market members on ADX rises to 33. This addition underscores ADX’s commitment to enhancing investor choices and strengthening its investment ecosystem.

Alnuaimi stated, "We look forward to ADSS’s support and contribution in assisting more investors to strengthen their trading skills and achieve their investment goals in Abu Dhabi and across the wider region."

Growing Investor Base

Since the beginning of the year, over 20,000 investors have entered the market, with 87% being foreign investors. This influx highlights the strong reputation and trust that ADX has built within the investment community.

The inclusion of ADSS as a trading member is expected to further bolster investor confidence and provide more opportunities for both local and international investors.

With inputs from WAM