In line with its efforts of facilitating coordination and communication with its multiple stakeholders, Abu Dhabi Securities Exchange (ADX) held a meeting with a number of its licensed brokerage firms to discuss strategy and services that ADX provides to brokers.
During the meeting, ADX presented its strategic plan and briefed the attendees on its initiatives for 2014. The meeting reflects ADX commitment to meet with its stakeholders on a regular basis to explore further opportunities of developing the capital market in the UAE as well as developing the services ADX provides to its stakeholders.
Mr. Rashed Al Balooshi, Chief Executive of ADX said: “We are delighted to meet with our brokers to help maintain the mechanism that ensures the quick and efficient execution of all procedures that involve the ADX and brokerage firms. The meeting reflects our vision to build partnerships on solid basis with brokerage firms and other ADX partners. Our stakeholder engagement program is continuously being enhanced to meet the changing needs of our stakeholders from across the globe.”
Al Balooshi thanked the brokerage firms for their cooperation in the process leading to the launch of ADX new trading platform X-Stream. The new platform, which went live on the 17th of April, has ADX as the first exchange in the region to go-live with the in memory vetting model of X-Stream trading.
In the meeting, Mr. Al Balooshi highlighted the efforts exerted by ADX aiming at strengthening the level of cooperation with the exchange’s stakeholders, and to convey the strategies of the administration which target expanding and boosting the UAE capital market.