Abu Dhabi Securities Exchange (ADX), the second largest market in the Arab region, has teamed up with Armenia Securities Exchange (AMX), the only securities regulated market operator in Armenia.
The collaboration aims to bolster the ties between both capital markets and to cooperate on initiatives that flourish trading and investment opportunities in both economies. ADX and AMX will cooperate on various areas such as technology, sharing of best trading practices, educational initiatives and training for investors, promoting market development and innovation.
Under the agreement, AMX will also become the member of the Tabadul Digital Exchange Hub, the region’s first digital exchange platform based on mutual market access, boosting connectivity and opening new avenues for cross-border investment opportunities.
Abdulla Salem Alnuaimi Group Chief Executive Officer – ADX
“Our agreement with the Armenia Securities Exchange marks a significant milestone on our journey to boost global connectivity and drive the exchange of information among ADX and other global markets. This collaboration extends our presence into West Asia, in line with our objectives to increase cross-border market activity and unlock further opportunities for investors. We look forward to welcoming AMX to our growing network of exchanges on the Tabadul digital hub. Tabadul provides investors a new investment gateway and an invaluable platform that offers seamless access to new growth markets and the investment options in good performing listed companies. In addition, we welcome Armenian investors to better understand ADX’s marketplace and to tap on the success and growth of ADX listed companies.”
Hayk Yeganyan, CEO of Armenia Securities Exchange (AMX), commented that, “The Abu Dhabi Securities Exchange is one of the largest in the Middle East and has recently launched a new platform, Tabadul, designed for exchange member brokers. This platform enables brokers to trade across connected exchanges, granting them easy access to foreign exchange instruments without the need to open accounts abroad. Additionally, the platform will enhance the visibility of Armenian securities, particularly government bonds, to Middle Eastern investors, thereby attracting foreign investment. We are currently working to overcome the legal and technical challenges necessary to join the platform.”
The agreement will foster the cross-border market activity between the two markets as well as contribute to the growth of the securities market in both the UAE and Armenia.
