Activate the electronic link between "Abu Dhabi Securities" And the Jordanian financial market
Amman, 1st May / WAM / The Abu Dhabi Securities Exchange and the Jordanian Capital Market institutions launched the official operation of the electronic link between the two markets through the “Tabadul” platform, during an official ceremony held in the capital, Amman.
The launch was attended by His Excellency Ghanem Butti Al Mazrouei, Chairman of the Board of Directors of the Abu Dhabi Securities Exchange Group, Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, Imad Abu Haltam, Chairman of the Board of Commissioners of the Jordanian Securities Commission, Mazen Al Wathaifi, Executive Director of the Amman Stock Exchange, Sarah Al Tarawneh, Executive Director of the Securities Depository Center, and a number of directors of Jordanian banks and financial brokerage companies and representatives of capital market institutions and financial brokerage companies.
Activating the electronic link comes within the framework of enhancing joint cooperation between the United Arab Emirates and the Hashemite Kingdom of Jordan and in line with the trends of developing regional financial markets and enhancing integration between them, which contributes to expanding the investor base and increasing access to financial markets through inter-trading between the two markets through financial brokerage companies.
The ceremony began with an introductory video presentation of the institutions of the Jordanian Capital Market, the Abu Dhabi Securities Market, and the “Tabadul” platform, followed by a number of official speeches.
Imad Abu Haltam stressed that activating the electronic link between the two markets constitutes an important strategic step towards enhancing integration between Arab financial markets, in implementation of the direction of the governments of the two brotherly countries and an embodiment of the depth of the established strategic and economic relations between them.
He explained that the electronic link project with the Abu Dhabi Securities Market will contribute to enhancing liquidity, raising the efficiency of financial markets, and providing broader investment opportunities for investors in both countries.
For his part, Abdullah Salem Al Nuaimi pointed out that the “Tabadul” platform represents an advanced model of integration between financial markets, and contributes to facilitating the access of investors and brokerage companies to member markets within an advanced and secure trading environment, thus enhancing the attractiveness of financial markets in the region.
In turn, Mazen Al Wathaifi said that activating the electronic link with the Abu Dhabi Securities Market comes within the strategic partnership between the two brotherly countries and joint cooperation in the economic fields in a way that serves their interests and in implementation of the strategic objectives that the stock exchange seeks to achieve, by enhancing openness to regional and global financial markets and exchanging experiences, in addition to enhancing the liquidity and depth of the financial market by facilitating the process of the flow of Arab and foreign investments into the market.
Sarah Tarawneh stressed that activating the agreement allows investors to trade between the two markets easily and efficiently within an integrated legal and regulatory framework, while ensuring the implementation of settlement and clearing operations and pre- and post-trading services with the highest levels of accuracy and reliability.
On the sidelines of the launch ceremony, the bell for the start of the trading session was rung to mark the start of the official operation of the electronic link between the Amman Stock Exchange and the Abu Dhabi Securities Market, in a step that embodies the level of cooperation and integration between the two sides, and reflects the trend towards enhancing openness to regional financial markets and developing the digital infrastructure for capital markets, which included the implementation of the first deal between the two parties.
The “Tabadul” platform, which was launched by the Abu Dhabi Securities Exchange in 2022, is one of the pioneering initiatives aimed at providing interconnection between member markets and facilitating mutual access to them by financial brokerage companies, enabling investors to benefit from the available investment opportunities and trade in member markets with ease and efficiency within an integrated regulatory and operational framework.
The platform includes in its membership the Muscat Stock Exchange, the Bahrain Stock Exchange, the Astana International Stock Exchange, the Kazakhstan Stock Exchange, and the Armenian Stock Exchange, in addition to the Amman Stock Exchange and the Abu Dhabi Stock Exchange.
It is worth noting that the Amman Stock Exchange and the Securities Depository Center had signed, before the end of 2024, in Abu Dhabi, an electronic link agreement with the Abu Dhabi Securities Market, with the aim of joining the “Tabadul” platform, whose membership includes a group of Arab and Asian stock exchanges, in a way that contributes to enhancing joint cooperation, developing the financial markets, raising their efficiency, and expanding investment opportunities for investors in the two countries.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
