The Abu Dhabi Securities Exchange (ADX) has been recognised by World Business Outlook with awards for ‘Best Trading Securities Exchange - MENA 2022’ and ‘Best Trading Derivatives Exchange – MENA 2022’ for accomplishments since 2021.
ADX won the ‘Best Trading Securities Exchange - MENA 2022’ award for reaching a record market capitalisation of more than AED 2.5 trillion making it the second largest exchange in the Middle East. This follows the acceleration of ADX strategy to attract listings and diversify its investment products. During the year, the exchange maintained a robust pipeline of IPOs and listings including Bayanat AI, ADNOC Drilling, Yahsat and Burjeel. The exchange is today also home to seven Exchange Traded Funds (ETFs), making it the largest and most liquid ETF market in the region. Furthermore, ADX also signed several MOUs with regional and emerging market exchanges in 2022. ADX also launched the region’s first digital exchange hub – Tabadul. Based on the mutual market access model, Tabadul allows investments across ADX and other exchanges and enable investors to trade directly on multiple exchanges through licensed brokers in other markets.
ADX was also presented with the ‘Best Trading Derivatives Exchange - MENA 2022’ award for launching an active and dynamic derivatives market on 4 November 2021. In just 12 months since its launch in November 2021, the ADX derivatives market has grown to become the most liquid derivatives market in the Arab region, while being the youngest. In its first year, it has achieved AED 1 billion in traded value, over 1 million contracts traded – over 100% more than peers in the region. It has rapidly become one of the most active in the region due to strong partnerships and its world class infrastructure.
H.E. Hisham Malek, Chairman of Abu Dhabi Securities Exchange, said:
“These awards reinforce the successes of the ADX team in achieving several key milestones over the past year and a half. Since the launch of our strategy at the beginning of 2021, we have encouraged the listing pipeline and taken measures to enhance market liquidity, which has more than doubled the exchange’s market capitalisation. We have also launched several ground-breaking new products and services, including the introduction of a derivatives market and a regulatory framework for SPACs.”
Mr. Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer, of Abu Dhabi Securities Exchange, added: "We are delighted to have been honoured by World Business Outlook for our performance since 2021. The record increase in our market capitalization is a historic achievement for ADX and could not have been realised without the support of our partners, member brokerages, and investors. We aim to maintain this momentum for the remainder of 2022 and 2023 with the launch of several high-profile initiatives to further the reach of ADX and strengthen our collaboration with regional markets.”