Abu Dhabi Securities Exchange (ADX) and Astana International Exchange (AIX) signed an agreement to include AIX as the fourth member of the Tabadul Digital Exchange Hub. This move follows their earlier strategic partnership outlined in the Memorandum of Understanding signed in October 2021.

Tabadul, launched by ADX in July 2022, is the region’s first digital exchange center based on the mutual market access model. It aims to enhance cooperation, increase liquidity, and enable trading between member exchanges at regional and global levels.

The recent agreement enables remote access for brokerage companies of both exchanges through Tabadul, fostering bilateral relations and cooperation. Investors can now trade directly through licensed brokers in both markets, expanding the investment opportunities across ADX and AIX.

With AIX joining the Tabadul Digital Exchange Hub, the platform’s scope and capabilities are further expanded, providing investors with a seamless and efficient trading experience.

Abdulla Salem Alnuaimi, Chief Executive Officer, ADX, said: “The signing of this agreement with AIX reaffirms ADX’s commitment to establishing a regional and global network for knowledge and information sharing through Tabadul, which is intended to bolster liquidity and mutual long-term economic growth with our partners. Our partnership with AIX reinforces our commitment to driving market connectivity and transforming trading. This marks the beginning of an exciting new chapter, and we are determined to enhance market efficiency, and foster economic growth on a global scale.”

Assel Mukazhanova, Acting Chief Executive Officer, AIX, said: “One of the strategic goals of the AIX is to facilitate the incorporation of international expertise and the international stock market culture to Kazakhstan and bring offshore investors to the market. In turn, it shall also open up new opportunities for the Kazakhstani investors and broaden the range of instruments available to the market participants: retail investors will be able to trade directly through the licensed brokerage houses in both markets. The trading network between ADX and AIX fits well with the AIX targets and shall add to expanding the boundaries between the KZ and GCC markets.”

Tabadul platform will be accessible to investors who have registered with eligible local brokers, provided that they meet all the requirements set by their local exchanges.

Securities on Tabadul will be traded in the local currency of the respective exchange, and in some cases in the specified currency of traded asset, with no minimum amount required for orders.