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ABU DHABI / WAM
Following the signing of the Memorandum of Understanding (MoU) in October 2021 between the Abu Dhabi Securities Exchange (ADX) and the Astana International Exchange (AIX), the two exchanges announced that officials from both financial markets met to further define the areas of mutual collaboration and target immediate next steps to achieving the goals of the MoU.
Fostering ties between trading members of both exchanges is seen as a key priority that will help to enhance market liquidity. The two markets aim to facilitate bilateral direct market access (DMA) links between brokers, allowing AIX brokers to access ADX and vice-versa.
Establishing simplified central securities depository (CSD) links will pave the way for cross-listings of exchange-traded funds (ETFs) and fixed income securities. Additionally, collaboration in the field of Shariah-compliant exchange-traded products is also of particular interest to both exchanges.