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ABU DHABI / WAM
Abu Dhabi Securities Exchange (ADX) on Tuesday announced the launch of its latest investment service ‘Technical Short Selling’ (TSS), an addition to the existing suite of services and products provided by ADX to investors through brokerage firms.
The launch of this new service falls in line with ADX’s strategy to increase liquidity levels as well as diversify investment and hedging instruments in order to better attract specialised foreign investors. ADX is the first market in the Gulf region to offer this service.
The TSS service allows the investor to sell stocks that they don’t own, but can afford within the applicable settlement period (T + 2), in order to achieve profit buying
the stock back if the value goes down.
Rashed Al Blooshi, Chief Executive of ADX, confirmed the adoption of an integrated regulatory network and structure to help protect against fraudulent practice, and ensure a fair and secure trading environment in accordance with best international practices.