Astana International Exchange (AIX) has partnered with the Tabadul Digital Exchange Hub created by the Abu Dhabi Securities Exchange (ADX) to enable bilateral cross-exchange trading between the two entities, QazMonitor reports citing press service of the AIX.
What it means: This collaboration will enhance liquidity and simplify trading processes for investors by enabling cross-trading of securities listed on both AIX and ADX. Tabadul provides remote access for brokerage firms associated with the exchanges.
This integration follows a Memorandum of Understanding between AIX and ADX, signed in June 2023.
Freedom Finance Global has been recognized and onboarded as a Tabadul Hub broker from Kazakhstan, while BHM Capital has joined AIX as an ADX trading member via Tabadul. The parties are working to onboard additional trading participants from both sides, with ADX members initially gaining access to AIX securities denominated in US dollars.
The trading partnership between ADX and AIX aligns seamlessly with the AIX’s objectives and promises to enhance cross-border market integration between Kazakhstan and GCC markets. Becoming part of the Tabadul Hub introduces fresh avenues for Kazakh investors enriching the array of investment instruments accessible to market participants.
Tabadul 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.
Tabadul Hub: ADX launched the platform in July 2022 as the first digital exchange service in the region, operating on a mutual market access model. The platform creates a digital exchange network for trading among member exchanges at regional and global levels.
Current members of the platform include the ADX themselves, Bahrain Bourse (BHB), and Oman’s Muscat Securities Market (MSX).
