Kazakhstan Stock Exchange And KACC Secure Membership In ADX's Tabadul Hub

Kazakhstan Stock Exchange (KASE) and KASE Clearing Centre (KACC) have joined the Tabadul Digital Exchange Hub, becoming its sixth member. This partnership aims to facilitate cross-border trading among exchanges and broaden investment opportunities.

"Connecting Kazakhstan Stock Exchange to the Tabadul Hub expands investment opportunities for participants in the Kazakh financial market. Providing access to Tabadul will help to increase liquidity and increase the number of foreign investors, both private and institutional ones in the Kazakh stock market. Kazakh investors will have access to trading foreign securities on exchanges connected to the Tabadul Hub, including the ADX, Bahrain Bourse (BHB), Muscat Stock Exchange (MSX), and Astana International Exchange (AIX) with several more international exchanges in the process of joining the Hub. Transactions made by members of the Exchange will be settled through KASE Clearing Centre in Kazakh tenge", said Alina Aldambergen, Chairman of the KASE Management Board.

The technical integration with Tabadul is anticipated to be finalised by year-end. Two Kazakhstan brokerage firms, Freedom Finance Global and Halyk Finance, already have access to Tabadul Hub. Several other local brokers are also in the process of connecting.

ADX's Vision for Global Connectivity

"We are excited to welcome KASE to the Tabadul Hub. This collaboration aligns with ADX's goal of attracting more investment to Abu Dhabi and expanding global market connectivity. With KASE on board, investors can access the multi-asset investment opportunities and benefit from market efficiencies not only in both Kazakhstan and the UAE, but they can tap onto growth markets including Oman, Bahrain, Tajikistan and more driving liquidity and market efficiency. We look forward to a successful partnership with KASE and together, we will foster a more robust and borderless trading marketplace," commented Abdulla Salem Alnuaimi, Group CEO of ADX.

Tabadul's Role in Regional Growth

Launched by Abu Dhabi Securities Exchange (ADX) in 2022, Tabadul is a digital platform that connects multiple exchanges for cross-border trading. It boasts over a million registered investors who can access various sectors.

Tabadul aims to be a catalyst for sustainable economic growth in the region by providing investors with seamless access to trading opportunities across participating markets. This initiative is expected to enhance liquidity and attract more foreign investments into Kazakhstan’s financial market.

The inclusion of KASE into Tabadul will enable Kazakh investors to trade foreign securities on connected exchanges like ADX, BHB, MSX, and AIX. Additionally, transactions conducted by exchange members will be settled through KACC in Kazakh tenge.

This collaboration between KASE and Tabadul is set to create a more interconnected global marketplace. It promises increased liquidity and broader investment avenues for both local and international investors.

The partnership aligns with ADX's vision of fostering global market connectivity while driving economic growth across participating regions.

With inputs from WAM