Establishing a Direct Link Between Abu Dhabi Depository Centers and Astana Exchange

The Abu Dhabi Securities Exchange and the Astana International Exchange have announced the establishment of a direct link between their respective securities depositories. This initiative follows the signing of a memorandum of understanding in October 2021, which led to the exchange’s integration into a trading platform.

This new development complements the existing connection between the two markets via the trading platform and highlights the growing partnership between the Abu Dhabi Securities Exchange and the Astana International Exchange. The primary goal of this strategic collaboration is to facilitate cross-border trading, enhance market infrastructure, and broaden investment opportunities for both investors and issuers. This seamless access between the markets supports efforts to boost liquidity and promote greater integration of regional financial markets.

Asil Mukazanova, CEO of the Astana International Exchange, stated, “We are excited to lay the groundwork for a partnership that will yield tangible benefits for market participants on both sides. By strengthening connectivity and building more efficient trading channels, we are creating a pathway for deeper cross-border investment flows.”

Abdullah Al Naimi, CEO of the Abu Dhabi Exchange Group, added, “The establishment of this link is a significant step towards making financial markets more open and interconnected. Building on the success of the trading platform and expanding our international partnerships, this initiative enhances cross-border integration, strengthens the post-trade ecosystem, and opens new avenues for investment for both regional and global participants. Our commitment to implementing such strategic initiatives reflects our dedication as an innovative, dynamic, and transparent market, reinforcing Abu Dhabi’s position as a leading financial hub.”

Business

Similar news

Emirates NBD Reports Quarterly Profit of 6.4 Billion with 3% Growth

حقق بنك الإمارات دبي الوطني صافي ربح 6.4 مليارات درهم في الربع الأول من العام الجاري بنمو نسبته...

Emsteel Announces Stability in Its Prices for Steel and Construction Materials

The Emsteel Group, a leading manufacturer of steel and integrated construction materials, has announced its commitment to supporting...

Dubai Taxi Acquires 600 New Taxi License Plates

Dubai Taxi Corporation, a leader in comprehensive mobility solutions in the city, has announced its acquisition of 600...

Bank and Real Estate Stocks Boost Dubai Market at the Start of Trading

The indicators of local financial markets exhibited mixed performance at the outset of trading on Thursday. The Dubai...