Jordan’s capital market institutions, in cooperation with UAE’s Abu Dhabi Securities Exchange Group (ADX), launched the electronic link between the two markets through the ‘Tabadul’ platform.
The activation of the electronic link falls within the framework of strengthening cooperation between the Hashemite Kingdom of Jordan and the UAE, in line with efforts to develop regional financial markets and enhance their integration.
According to the statement, this will help broaden the investor base and increase access to financial markets through cross-market trading between the two exchanges via brokerage firms.
Abdulla Salem Alnuaimi Group CEO ADX
“The ‘Tabadul’ platform represents an advanced model of integration among financial markets and facilitates access for investors and brokerage firms to member markets within a secure and sophisticated trading environment, thereby enhancing the attractiveness of the region’s financial markets.”
Emad Abu Haltem, Chairman of the Jordan Securities Commission, affirmed that activating the electronic link between the two markets represents an important strategic step toward strengthening integration among Arab financial markets.
Mazen Al Wathaifi, Chief Executive Officer of the Amman Stock Exchange, stated that activating the electronic link with the ADX falls within the strategic partnership between the Jordan and UAE and their joint economic cooperation in a manner that serves their mutual interests.
Al Wathaifi further added that this step supports the exchange’s strategic objectives by strengthening openness to regional and global financial markets, promoting the exchange of expertise, and enhancing market liquidity and depth through facilitating the flow of Arab and foreign investments into the market.
