Abu Dhabi Securities Exchange (ADX): Most Innovative Exchange GCC

by marten | January 17, 2016 9:00 am

After securing its place on the influential MCSI Emerging Market Index in 2014, 1,158 foreign institutional investors opened accounts to trade on the Abu Dhabi Securities Exchange. Now, a number of regulatory changes are in the works that will facilitate the creation of new financial instruments, adding liquidity to the market and helping the exchange integrate more closely into the global marketplace.

Established in 2000, the Abu Dhabi Securities Exchange has already established a well-earned reputation as a premier venue for investors aiming to catch a ride on the buoyant UAE economies. The exchange has proved resilient in the face of low oil prices and other setbacks. Earlier this year, the exchange entered into discussions with two financial institutions to act as market makers. The National Bank of Abu Dhabi (NBAD) is currently the only ADX market maker.

The exchange is proactively pursuing new listings from large and mid-sized companies for both its main board and the secondary market. Though the number of IPOs has been small, it is widely expected that 2016 will see privately-held companies reawaken to the many benefits a public listing can bring.

With 71 listed securities (66 public joint stock companies, 2 private joint stock companies, 1 ETF, 1 convertible bond, and 1 Abu Dhabi Government bond), the Abu Dhabi Securities Exchange represents most major sectors of the UAE economy and, as such, offers investors a unique – and well-diversified – picture of the local business scene. The CFI.co judging panel commends the Abu Dhabi Securities Exchange for its stalwart dedication to not just excellence in the delivery of investor services, but also to innovation. Serving investors with state-of-the art tools and platforms, the Abu Dhabi Securities Exchange is declared winner of the 2015 Most Innovative Exchange GCC Award.

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Source URL: https://cfi.co/awards/middle-east/2016/abu-dhabi-securities-exchange-adx-most-innovative-exchange-gcc-2015/