The Abu Dhabi Securities Exchange (ADX) is strategically expanding its network in the Tabadul Exchange Hub, a digital platform designed to facilitate cross-border trading. Launched in July 2022, this initiative aims to create a seamless trading environment for various financial markets within the region and beyond. In a recent exclusive interview, ADX revealed that discussions are ongoing with 11 different exchange groups as of Monday.
The Emirati exchange operator commented, "Discussions are still underway with more exchanges in the pipeline, thus it would be premature to provide further details at this juncture." The foundation of this digital exchange hub was laid following a significant strategic partnership agreement between ADX and Bahrain Bourse in November 2021, which set the framework for a collaborative approach to implement a cross-border trading plan, incorporating both trading and post-trading environments.
As a result of this agreement, the first digital exchange centre in the region emerged, pioneering a mutual market access model. Since the inception of the Tabadul Hub, the affiliated exchanges have rapidly expanded to eight, representing a diverse range of markets within the Gulf Cooperation Council and Central Asia.
This includes prominent exchanges such as ADX, Bahrain Bourse, Oman's Muscat Stock Exchange, Kazakhstan's Astana International Exchange, Tajikistan's Central Asia Stock Exchange, Kazakhstan Stock Exchange, and Armenia Stock Exchange. Notably, the Amman Stock Exchange from Jordan became the latest participant in December 2024, bringing the total number of listed companies to over 490, with more than 17 registered trading members and an impressive pool of over 7.6 million investors. Sarah Tarawneh, the chief executive officer of Jordan's Securities Depository Center, articulated the value of this agreement, stating, "The signing of this agreement with ADX enhances the facilitation of cross-border trading operations and post-trade services across various financial markets, supporting account opening procedures and conducting financial settlements with ease.
This initiative provides numerous investment opportunities for investors, while mitigating operational costs and reducing the risks associated with these types of transactions." Looking forward, ADX expressed its ambition to continue targeting exchanges across the Arab region, Central Asia, and emerging markets.
They emphasized that further updates will be shared in due course, indicating a proactive approach in expanding their influence and operational capabilities in the financial sector..