Kazakhstan Stock Exchange (KASE) and KASE Clearing Centre (KACC) have joined the Tabadul Digital Exchange Hub established by the Abu Dhabi Securities Exchange (ADX).
KASE is the sixth exchange to become a member of Tabadul. The collaboration will allow bilateral cross-exchange trading between the entities, strengthen their strategic partnership and expand opportunities for cooperation between the two exchanges.
Furthermore, connecting KASE to the Tabadul Hub is aimed at modifying trading mechanisms and expanding investment opportunities for investors by making listed securities on both exchanges available for cross-trading. ADX launched Tabadul in July 2022, as the first digital exchange center in the region, operating on a mutual market access model.
The platform creates a digital network of exchanges that allows investors to trade on international member exchanges, by facilitating remote access for brokerage companies affiliated with the exchanges. Over one million investors are registered on Tabadul, getting access to trade securities in sectors ranging from banking, financial services and energy to telecommunications.
Abdulla Salem Alnuaimi Group CEO – ADX
“We are excited to welcome the Kazakhstan Stock Exchange (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 in Kazakhstan and the UAE, 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.”
“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 Abu Dhabi Securities Exchange (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 the KASE Clearing Centre in Kazakh tenge,” said Alina Aldambergen, Chairman of the KASE Management Board.
The technical connection to Tabadul is expected to be completed by the end of the year There are two Kazakhstan brokerage companies: Freedom Finance Global and Halyk Finance that already have access to Tabadul Hub and several other local brokers are in the process of connecting to it.
Tabadul represents a step towards a sustainable future economy for the region and beyond, offering a wide range of easily accessible trading opportunities for investors across all participating markets. The platform will be accessible to investors who have registered with eligible local brokers, provided that they meet all the requirements set by the receiving exchanges.
