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Abu Dhabi Securities Exchange (ADX) hosted a number of members of the Arab Federation of Exchanges (AFE) in a one-day on-site training. Hosting the delegation comes as part of ADX commitment to fostering better relations with neighboring exchanges as well as strengthening ties with regional and international organizations.
On this occasion, ADX Chief Executive, Rashed Al Blooshi, said: :”We are delighted to welcome the visiting delegation as we are always keen to interact with other Arab exchanges and cooperate with them to optimize best practices and share experiences of other parties.”
ADX Chief Executive added:” ADX is committed to share its knowledge and experience with other Arab exchanges in light of the brotherly relations. We are pleased to do our part to help strengthen the relationship, as well as improve the opportunities for further cooperation with other exchanges."
The training commenced with an overview of ADX and the structure of the Exchange as well as its role in Abu Dhabi Economic Vision 2030 which plays a vital role in ADX strategy since it places the financial market in the context of economic and social development. The development would be through diverting savings towards investment in the various economic sectors and developing the financial infrastructure of Abu Dhabi to transform the emirate into one of the leading finance and services center in the region.
The delegation were then introduced to ADX Market Maker mechanism, Circuit Breaker, Surveillance System (SMART) which can monitor and record automatically transactions and other trading activities on the Exchange which ADX was the first to GCC Exchange to implement, as well as ADX launching of Blockchain technology for eVoting services which is considered the first of its kind for the MENA region financial markets.
The program also included familiarizing the attendees with ADX’s Integrated Management System (IMS), rules and policies on listing & disclosure, market regulations, cash dividend distribution mechanism, in addition to the interactive Kiosk “SAHMI” which represents a substantial development in how financial markets provide services to investors as it allows issuance of an investor number in less than 60 seconds using the ID card while offering services that include modification of existing investors’ details, obtaining financial reports and investment statements in a printed form.
