Astana International Exchange Enhances Cross-Trading With ADX's Tabadul Hub Partnership

The Astana International Exchange (AIX) has recently made a significant move by joining the Tabadul Digital Exchange Hub, an initiative by the Abu Dhabi Securities Exchange (ADX). This partnership marks a pivotal moment in facilitating bilateral cross-exchange trading between the two entities. By integrating AIX and ADX-listed securities for cross-trading, this collaboration aims to enhance liquidity and streamline trading mechanisms for investors, offering a more efficient trading experience.

Launched by ADX in July 2022, the Tabadul Hub stands as the region's first digital exchange centre, operating on a mutual market access model. It aims to foster cooperation and increase liquidity across participating markets by creating a digital exchange network for trading among member exchanges at both regional and global levels. The platform is designed to offer a wide range of trading opportunities in a direct and straightforward manner, thereby accelerating economic growth in member countries.

Current members of the Tabadul platform include not only ADX but also Bahrain Bourse (BHB) and Muscat Securities Market (MSX). The inclusion of AIX into this digital hub follows a strategic partnership with ADX, as outlined in their June 2023 Memorandum of Understanding. This expansion enhances the platform's capabilities, providing participants with a seamless trading and settlement experience.

Freedom Finance Global from Kazakhstan has been recognized as a Tabadul Hub broker, alongside BHM Capital, which has joined AIX as an ADX trading member through Tabadul. Efforts are ongoing to onboard additional trading participants from both exchanges, with ADX members initially gaining access to AIX securities denominated in USD.

Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, expressed enthusiasm about the partnership, stating, "We are delighted to welcome Astana International Exchange (AIX) as the newest member of the Tabadul Digital Exchange Hub. This collaboration exemplifies our ongoing commitment to expanding ADX’s network of partner exchanges and establishing Tabadul as a premier platform for regional and global investment."

Assel Mukazhanova, CEO of AIX, also commented on the partnership, highlighting its alignment with AIX’s objectives to enhance cross-border market integration between Kazakhstan and GCC markets. "Becoming part of the Tabadul Hub introduces fresh avenues for Kazakhstani investors enriching the array of investment instruments accessible to market participants," Mukazhanova noted.

This strategic alliance between AIX and ADX through the Tabadul Digital Exchange Hub not only broadens investment opportunities across Kazakhstan and the UAE but also promises to boost market efficiency, drive investor participation, and strengthen global connectivity in both markets. As more foreign exchanges and brokerage firms join the platform, Tabadul is set to become an increasingly vital component in fostering sustainable economic growth across the region.

With inputs from WAM