The Abu Dhabi Securities Exchange (ADX) announced on Wednesday the signing of a memorandum of understanding (MoU) with the Armenia Securities Exchange (AMX) to collaborate on a number of key initiatives. Under this agreement, ADX and the Armenia Securities Exchange will explore and cooperate in several areas including technology, sharing best trading practices, educational initiatives and training for investors, and promoting market development and innovation.
Enhancing capital market connectivity
The agreement will also pave the way for the inclusion of AMX as a member of the Tabadul Digital Exchange Hub, the region’s first digital exchange platform based on mutual market access, enhancing connectivity and opening new avenues for cross-border investment opportunities.
“Tabadul provides investors with a new investment gateway and an invaluable platform that offers seamless access to new growth markets and 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,” stated Abdulla Salem Alnuaimi, group CEO of ADX.
The agreement highlights the commitment of both exchanges to strengthen ties between both capital markets and cooperate on initiatives that foster greater trading and investment opportunities in both economies.
In addition, the collaboration extends ADX’s presence in West Asia, which falls in line with its goal of increasing cross-border market activity and unlocking further opportunities for investors.
Strengthening cross-border market activity
The agreement between ADX and the Armenia Securities Exchange is a significant step in positioning Armenia as a bridge between the Middle East and Europe, which will help bring more investments to the country. In addition, it aims to strengthen cross-border market activity between the two markets and contribute to the growth of the securities market in both the UAE and the Republic of Armenia.
“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,” stated Hayk Yeganyan, CEO of AMX.
Yeganyan added that the platform will enhance the visibility of Armenian securities, particularly government bonds, to Middle Eastern investors, thereby attracting additional foreign investment.
“We are currently working to overcome the legal and technical challenges necessary to join the platform,” added Yeganyan.
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