ADX, Astana International Exchange collaborate to deepen bilateral trade ties

By Arya M Nair, Official Reporter
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The Abu Dhabi Securities Exchange (ADX) and the Astana International Exchange (AIX), a new gateway to investing in Kazakhstan and Central Asia, have collaborated to further define the areas of mutual collaboration.

This official collaboration aims to meet the goals of the Memorandum of Understanding (MoU), which was signed in October 2021. Fostering ties between trading members of both exchanges is recognized as a top goal for improving market liquidity. The two markets want to make it easier for brokers to connect through bilateral direct market access (DMA), allowing AIX brokers to access ADX and vice versa.

Saeed Hamad Al Dhaheri
Saeed Hamad Al Dhaheri

“Forming alliances with exchanges in capital markets around the world is a key part of our ‘ADX One’ strategy, which we launched last year to enhance liquidity, further improve market efficiency and significantly increase market capitalization. Our objective is to align with best international practices and make ADX a more attractive market for international investors. Through our partnership with AIX, we hope to introduce investors to new opportunities and in doing so enhance liquidity for both exchanges.”

Establishing simplified central securities depository (CSD) links will pave the way for cross-listings of exchange-traded funds (ETFs) and fixed income securities. In addition, collaboration in the field of Shariah-compliant exchange-traded products is also of particular interest to both exchanges.

Mr. Renat Bekturov, Chief Executive Officer of AIX, said that ‘We continue to grow our international potential and expand ties with market participants demonstrating impressive development rates. I believe that collaboration with ADX will allow us to expand the capabilities of AIX and provide our customers with access to the Abu Dhabi market and vice-versa in the future, as well as contribute to further development of financial and economic ties between our countries.”

Both entities will be also collaborating in areas including fintech market development opportunities, market infrastructure technology, investor awareness and employee secondment opportunities.

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