In a significant milestone for financial collaboration, the Abu Dhabi Securities Exchange (ADX) Group and Jordan’s capital markets have launched a new electronic trading link via the Tabadul platform. This pioneering initiative enables seamless trading between the ADX and the Amman Stock Exchange.
The formal announcement took place at a ceremony in Amman, Jordan, with key financial figures from both nations in attendance. Prominent attendees included Ghannam Al Mazrouei, ADX Chairman; Abdullah Salem Al Nuaimi, Group Chief Executive Officer; Emad Abu Haltem, Jordan’s Securities Commission Chairman; Mazen Al Wathaifi, Amman Stock Exchange CEO; and Sara Al Tarawneh, CEO of the Securities Depository Centre.
This new electronic link is poised to enhance financial collaboration between the UAE and Jordan, fostering regional market integration and broadening investment horizons. Licensed brokerage firms will facilitate cross-exchange trading, thereby allowing investors to navigate both markets more effectively.
Emad Abu Haltem remarked that this initiative signifies a pivotal step toward enhancing Arab financial market integration, underlining the robust economic relationships between Jordan and the UAE. He expressed optimism about improved market efficiency, greater liquidity, and expanded investment access.
Abdullah Salem Al Nuaimi underscored the Tabadul platform's critical role in linking regional financial markets, providing investors and brokers with secure access to participating exchanges, improving capital market attraction.
Mazen Al Wathaifi confirmed that the electronic link aligns with the Amman Stock Exchange’s strategy to strengthen ties with regional and international markets. The initiative is anticipated to attract investments from both Arab and international stakeholders, boosting market liquidity and fostering the sharing of expertise among financial entities.
Sara Al Tarawneh emphasized that this agreement facilitates straightforward trading between the two markets under an integrated legal framework. She ensured that settlement, clearing, and post-trade procedures would be managed with utmost efficiency and precision.
The inauguration ceremony showcased the Tabadul platform’s operational features, culminating in the ringing of the opening bell, which marked the commencement of the electronic linkage. A successful transaction was executed between the two exchanges during this launch.
At the conclusion of the ceremony, attendees exchanged commemorative shields while capturing group photos, reinforcing the strategic partnership between the UAE and Jordan across financial, economic, and investment arenas.
Launched in 2022, the Tabadul platform aims to enhance connectivity among regional exchanges and facilitate straightforward cross-market trading. It provides a unified framework for both investors and brokerage firms to engage with various participating markets.
Current participants in the Tabadul platform include the Muscat Stock Exchange, Bahrain Bourse, Astana International Exchange, Kazakhstan Stock Exchange, Armenia Securities Exchange, and of course, both the Amman and Abu Dhabi Securities Exchanges.
This launch follows the electronic linking agreement signed on December 11, 2024, in Abu Dhabi, which paves the way for Jordan’s integration into the Tabadul platform and advances ongoing efforts to boost market efficiency, enhance regional cooperation, and broaden investment opportunities for investors in both nations.
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