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Abu Dhabi Securities Exchange (ADX) held a press conference at the ADX premises in Abu Dhabi to outline the recent developments within the government institution in 2012 and to announce the stock market’s future plans for the year 2013.
The press conference was attended by a number of representatives of national and international media institutions; Mr. Rashed Al Baloushi, CEO of ADX opened the press conference.
In his opening speech, Al Baloushi stated that Abu Dhabi witnessed a dramatic growth over the last two decades; it has become a regional and global hub of finance and business.
ADX CEO went on to highlight major ADX achievements during the year 2012 which included:
- Voted as a full member in the World Federation of Exchanges (WFE). ADX is the youngest stock market to become a full member at the prestigious organization.
- Upgrading to a new trading platform from NASDAQ OMX – Xstream
- Launch Middle East Investor Relations Society – Abu Dhabi Chapter
- Receive ISO 9001 Quality Management Standard certificate
- Adopting pre-closing session call auction
- Shifting to a Free Float Index
Mr. Al Baloushi pointed out that one of the main objectives of ADX is to provide the latest economic information about the developments taking place at the financial level; this information will help investors to make sound rational investment decisions, which eventually will enhance the economic growth of the Emirate.
He also said that ADX top priority is meeting stakeholders’ commitments and operational excellence in the coming quarters while also explaining the stock market plans for the year 2013.
The press conference was followed by an interactive session with media personnel present.
