The Abu Dhabi Securities Exchange (ADX) partners with Intercontinental Exchange to offer direct market access, marking a first in the Middle East for international investor connectivity.
The Abu Dhabi Securities Exchange (ADX), a premier financial marketplace in the Middle East, has initiated a groundbreaking collaboration with the ICE Global Network, provided by Intercontinental Exchange, Inc.
This partnership is designed to extend direct market access to ADX for institutional investors worldwide, enhancing the exchange’s connectivity and reinforcing its growth trajectory.
Facilitating access for global investors in Europe, Asia and the U.S
The integration with the ICE Global Network marks a strategic milestone for ADX, underscoring its commitment to enhancing market connectivity and reinforcing its position in the global financial landscape. The ICE Global Network, renowned for its high-quality content and resilient networks, is anticipated to amplify ADX’s accessibility, particularly in key investor markets such as Europe, Asia, and the United States. This initiative dovetails with ADX’s strategy to foster a more dynamic and sustainable capital market within the UAE.
The ICE Global Network is recognized for connecting financial institutions and trading firms to over 150 exchanges globally, offering an extensive suite of managed services and cloud-based data solutions. The network’s capabilities are particularly relevant for ADX, which has seen a surge in international and institutional investor participation, underscored by successful IPOs and new listings.
ADX’s recent performance, including the listing of 13 securities and three IPOs, reflects its growing appeal to global investors. Notably, the listings of ADNOC Gas, Presight AI, and ADNOC L&S have garnered substantial international demand, propelling ADX to the forefront of the Mena region’s IPO market in 2023. This year alone, ADX has raised over $5.4 billion, indicating robust market activity and investor confidence.
In summary, ADX’s decision to leverage the ICE Global Network for direct market access is a strategic effort to expand its global investor base, providing real-time access to market data and reinforcing the exchange as a central player in the global financial ecosystem.
ADX wants a deeper and more liquid market
Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “ADX’s collaboration with ICE Global Network, widely used by financial institutions and trading firms around the world, aligns with our strategic goal to enhance connectivity in the market and demonstrates our commitment to facilitating access for global investors in Europe, Asia and the U.S. to one of the world’s fastest growing markets. The strengthening of Abu Dhabi’s dynamic capital market will serve to support the long-term sustainable growth of the UAE economy and the exchange will continue to explore partnerships that support both regional and global connectivity as well as a deeper and more liquid market.”
Margaret Niche, Head of ICE Global Network, commented: “Our network was designed to connect investors with marketplaces and opportunities globally and our work with ADX is a perfect match for that purpose. The ICE Global Network offers a portfolio of solutions for low latency data delivery that connects firms around the world and is part of our global data business which provides multi-asset market data and analytics, desktop solutions, hosting and connectivity that provide greater market transparency and helps our customers manage risk in evolving markets.”
