Shuaa arm to provide ‘short selling’ at ADX

ABU DHABI / WAM

Abu Dhabi Securities Exchange (ADX) celebrated the joining of Shuaa Capital’s brokerage subsidiary ‘Integrated Securities’ to the list of companies providing the technical short selling (TSS) service at the exchange. This makes Integrated Securities the third company to provide such service on the ADX. The ceremony included ringing of the opening bell on the ADX trading floor in the presence of representatives and the executive management of both parties.
Rashed Al Blooshi, ADX Chief Executive, said, “We are pleased to have one of the UAE’s top brokerage firms Integrated Securities added to the list of companies that provide the Technical Short Selling service at ADX. The launch of the TSS service is part of the Exchange’s strategy to increase market cap and products in order to attract and leverage a wider range of investors through diversification of investment tools, which in turn will help in raising the levels of liquidity to match global Exchanges.”
He added that ADX is continually developing the services it provides to investors and stakeholders alike, and continues its efforts to develop and launch strategic initiatives.