The Abu Dhabi Securities Exchange (ADX) and the
Budapest Stock Exchange (BSE) have entered into a Memorandum of Understanding
(MOU) to establish a partnership.
The agreement aims to enhance collaboration across
several key initiatives. It also covers the analysis of possibilities for dual
listings and cross-border trading. The signing ceremony occurred during the state visit
of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to
Hungary.
Deepening Capital Market Ties
The MOU outlines efforts to share best
practices and foster greater connectivity between the two nations’ capital
markets.
This collaboration aligns with ADX’s ongoing drive to
strengthen relationships with leading global financial institutions and
supports BSE’s strategic initiatives to expand its international presence,
particularly within the Middle East.
Officials anticipate the partnership will open new
opportunities for investors in both regions. Under the agreement,
ADX and BSE will jointly promote the visibility of their respective capital
markets.
This includes organizing joint investor roadshows,
seminars, and educational programs. Both exchanges are also exploring avenues
for cooperation in developing and promoting Exchange Traded Fund (ETF)
products. This initiative aims to provide investors with more diversified and
modern investment instruments.
Additionally, the MOU covers the analysis of
possibilities for dual listings and cross-border trading, alongside plans for
closer professional cooperation in Environmental, Social, and Governance (ESG)
initiatives.
Best Practice Exchange and Tabadul Hub Integration
A central tenet of the MOU involves sharing and exchanging best practices. This encompasses insights on market developments, regulatory practices, product innovation, and IT capacity building. A significant aspect of the agreement is evaluating pathways for the Budapest Stock Exchange to integrate into the
Tabadul Hub.
Launched by ADX in 2022, Tabadul is a digital exchange based on a mutual market access model. It facilitates cross-border trading by connecting exchanges through a digital network, providing brokerage firms remote access to international markets. This collaboration establishes a platform for
financial growth and connectivity between the UAE and Hungary.
Meanwhile, Daman Markets, the forex and CFD trading
arm of Daman Securities LLC, recently expanded its services to include
contracts for difference on stocks listed in the United Arab Emirates. The
broker now offers access to shares listed on the Dubai Financial Market and the
Abu Dhabi Securities Exchange.
This development followed Daman Markets’ recent
sponsorship agreement with the Dubai Racing Club, where it joined as an
Official Event Partner. The Dubai Racing Club is known for hosting
international events, including the Dubai World Cup.
The Abu Dhabi Securities Exchange (ADX) and the
Budapest Stock Exchange (BSE) have entered into a Memorandum of Understanding
(MOU) to establish a partnership.
The agreement aims to enhance collaboration across
several key initiatives. It also covers the analysis of possibilities for dual
listings and cross-border trading. The signing ceremony occurred during the state visit
of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to
Hungary.
Deepening Capital Market Ties
The MOU outlines efforts to share best
practices and foster greater connectivity between the two nations’ capital
markets.
This collaboration aligns with ADX’s ongoing drive to
strengthen relationships with leading global financial institutions and
supports BSE’s strategic initiatives to expand its international presence,
particularly within the Middle East.
Officials anticipate the partnership will open new
opportunities for investors in both regions. Under the agreement,
ADX and BSE will jointly promote the visibility of their respective capital
markets.
This includes organizing joint investor roadshows,
seminars, and educational programs. Both exchanges are also exploring avenues
for cooperation in developing and promoting Exchange Traded Fund (ETF)
products. This initiative aims to provide investors with more diversified and
modern investment instruments.
Additionally, the MOU covers the analysis of
possibilities for dual listings and cross-border trading, alongside plans for
closer professional cooperation in Environmental, Social, and Governance (ESG)
initiatives.
Best Practice Exchange and Tabadul Hub Integration
A central tenet of the MOU involves sharing and exchanging best practices. This encompasses insights on market developments, regulatory practices, product innovation, and IT capacity building. A significant aspect of the agreement is evaluating pathways for the Budapest Stock Exchange to integrate into the
Tabadul Hub.
Launched by ADX in 2022, Tabadul is a digital exchange based on a mutual market access model. It facilitates cross-border trading by connecting exchanges through a digital network, providing brokerage firms remote access to international markets. This collaboration establishes a platform for
financial growth and connectivity between the UAE and Hungary.
Meanwhile, Daman Markets, the forex and CFD trading
arm of Daman Securities LLC, recently expanded its services to include
contracts for difference on stocks listed in the United Arab Emirates. The
broker now offers access to shares listed on the Dubai Financial Market and the
Abu Dhabi Securities Exchange.
This development followed Daman Markets’ recent
sponsorship agreement with the Dubai Racing Club, where it joined as an
Official Event Partner. The Dubai Racing Club is known for hosting
international events, including the Dubai World Cup.
