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23 May 2024

ADX to host Market Maker Conference

By Wam

Abu Dhabi Securities Exchange (ADX) announced that it will be hosting its first conference for the year 2014 under the theme of "Market Maker".

The conference will take place on Sunday, February 16th at the St. Regis Saadiyat Island Resort, in Abu Dhabi under the patronage and presence of Nasser Ahmed Al Suwaidi, Chairman of Abu Dhabi Securities Exchange.

The conference, the first in the Middle East to discuss the concept and applications of Market Maker, will address several topics including: Introduction to market maker business, technical and legal requirements for regional market makers, and Instruments needed for market making. The conference will also address the subject of the instruments and legislations needed to promote regional markets, as well as challenges facing Arab financial markets.

It is worthy to note that the board of directors of the UAE Securities and Commodities Authority (SCA) has approved the Market-Maker Regulation. The conference corresponds to ADX initiatives of adding new financial instruments to the exchange to help boost liquidity and add depth to the market as well as increase the attractiveness of the local market in the eyes of foreign institutional investors.

Sponsoring the conference will be National Bank of Abu Dhabi (NBAD) and Union National Bank in the Platinum category and Abu Dhabi Commercial Bank (ADCB) in the Golden category.

The conference brings together a range of distinguished speakers from around the globe as well as world-class experts in the world of economy and finance. Confirmed speakers in the conference include Michael Foot, Chairman of Promontory Financial Group in the UK and former Managing Director of the Financial Services Authority (FSA) in the UK, Huseyin ERKAN, CEO of World Federation of Exchanges (WFE), Jeff Singer, CEO of Dubai International Financial Center (DIFC), Gary Anderson CEO of Dubai Gold and Commodities Exchange (DGCX), and Galen Moore, head of Equity Strategies Group, at the National Bank of Abu Dhabi.

The conference will bring together a broad range of professionals from the financial services industry, including banks, financial institutions, asset managers, consultants, corporate and finance specialists, government agencies, regulators, and exchange brokers.