Abu Dhabi Securities Alternate (ADX) introduced in the present day that it has chosen the ICE World Community from Intercontinental Alternate, Inc. (NYSE ICE) to supply direct market entry to world institutional traders.
By leveraging the ICE World Community, ADX goals to increase its world investor base by facilitating real-time entry to market knowledge and order entry.
With hubs positioned world wide, the ICE World Community provides high-quality content material, supply and execution companies by means of ultra-secure, extremely resilient fiber and wi-fi networks. The addition of ADX to ICE World Community leverages ICE’s earlier work within the area partnering with the Abu Dhabi Nationwide Oil Firm (ADNOC) to create ICE Futures Abu Dhabi, and brings higher and less complicated accessibility to native markets.
“ADX’s collaboration with ICE World Community, extensively utilized by monetary establishments and buying and selling corporations world wide, aligns with our strategic purpose to boost connectivity available in the market and demonstrates our dedication to facilitating entry for world traders in Europe, Asia and the U.S. to one of many world’s quickest rising markets,” stated Abdulla Salem Alnuaimi, Chief Government Officer of ADX. “The strengthening of Abu Dhabi’s dynamic capital market will serve to assist the long-term sustainable progress of the UAE economic system and the change will proceed to discover partnerships that assist each regional and world connectivity in addition to a deeper and extra liquid market.”
The ICE World Community gives banks, asset managers, hedge funds and different market members with direct market entry to knowledge and execution companies from over 150 exchanges and marketplaces world wide. Its managed companies present clients with end-to-end internet hosting, {hardware} procurement, connectivity and assist by means of a single ICE World Community answer, and cloud choices present new, versatile methods to entry knowledge world wide.
“Our community was designed to attach traders with marketplaces and alternatives globally and our work with ADX is an ideal match for that goal,” stated Margaret Area of interest, Head of ICE World Community. “The ICE World Community provides a portfolio of options for low latency knowledge supply that connects corporations world wide and is a part of our world knowledge enterprise which gives multi-asset market knowledge and analytics, desktop options, internet hosting and connectivity that present higher market transparency and helps our clients handle threat in evolving markets.”
ADX has lately witnessed vital exercise, which has seen elevated participation from worldwide and institutional traders, together with in IPOs, listings and new product launches. This yr, ADX listed 13 securities, together with three IPOs that attracted vital world demand and raised over $5.4 billion. With the latest listings of ADNOC Fuel ($2.5 billion), Presight AI ($500 million), and ADNOC L&S ($769 million) the Alternate is as soon as once more on the forefront of the Mena IPO market in 2023.
