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24 July 2024

ADX to host South Asian bourse meeting on March 11

By Staff Writer

Bourse officials from South Asia will gather in Abu Dhabi next week for talks covering cooperation among their stock exchanges. The Abu Dhabi Securities Exchange (ADX) will host the Annual General Assembly for the South Asian Federation of Exchanges (Safe) on March 11, the first to be held in the UAE.

"Globalisation of capital markets requires exchanges to operate according to the highest international standards of transparency and integrity, and ADX adopts best practice arrangements wherever possible. Dialogue with other international exchanges is therefore particularly important," said Tom Healy, ADX Chief Executive.

"We are particularly pleased to host Safe in Abu Dhabi, which has done a great deal to foster international relations regionally and around the World. ADX needs to expand its product offering and one of many subjects we will be discussing with Safe members is the development of more investment opportunities for Abu Dhabi such as bonds, ETFs and derivatives; we can all learn from each other's experiences."

Established to promote the development of securities markets in South Asia, Safe works towards achieving common business standards among its member exchanges, according to ADX. Member exchanges also work together through dialogue, shared resources such as IT and human resource training, and by growing their markets through cross-listings and financial product development.