ADX, Mashreq partner to offer instant trading access to clients

ABU DHABI / WAM

The Abu Dhabi Securities Exchange (ADX) has partnered with Mashreq Securities to simplify and streamline the digital onboarding process for Mashreq customers, providing them with instant access to trading on the Exchange. The partnership was formalised through a memorandum of understanding (MoU) with Mashreq and an access and process agreement with Mashreq Securities.
As part of the agreement, ADX and Mashreq will collaborate to introduce a straightforward process for individuals to obtain a National Investor Number (NIN) and set up a trading account. The new process will eliminate the need to print, sign, and email documents, using a secure digital platform.
The partnership supports ADX’s strategy to leverage digital technology to increase access to investment opportunities and widen its investor base, ultimately enhancing market liquidity. In 2022, the trading value on the ADX reached AED450 billion, a nearly 21.9% increase from the previous year, due to a steady stream of listings and growing interest from regional and international investors.
Abdulla Salem ALNuaimi, Chief Operations Officer of Abu Dhabi Securities Exchange, said, “ADX is delighted to partner with Mashreq to provide its customers with quick and easy access to the growing number of securities listed on the Exchange. Working with partners to facilitate access to the unique growth opportunities offered on ADX supports our mission to drive opportunity and growth through an innovative, dynamic and transparent marketplace.”
ALNuaimi added, “We have witnessed a robust pipeline of IPOs and listings last year and will continue to introduce more products and services that will further augment our offer to a growing number of investors locally and internationally.”
Aladdin Al Deesi, Executive Vice President & Head of Mashreq Gold, said, “We are thrilled to partner with ADX for supporting the growth and accessibility to UAE’s capital markets through our mobile banking proposition that will offer a seamless digital experience to all our customers. Through this strategic collaboration between Mashreq Securities and ADX, customers can generate an investor number (NIN), and open a brokerage account with Mashreq Securities in real time without any paperwork. The digital journey will also allow the clients to subscribe digitally to any upcoming initial public offerings (IPOs) with ADX through the Mashreq mobile banking app. We are committed to supporting the vision of the UAE to build a strong infrastructure for its capital markets and investors.”