ADX partners with ICE Global Network to provide DMA to investors worldwide

Rick Steves

The Abu Dhabi Securities Exchange (ADX) partners with Intercontinental Exchange to offer direct market access, marking a first in the Middle East for international investor connectivity.

The Abu Dhabi Securities Exchange (ADX), a premier financial marketplace in the Middle East, has initiated a groundbreaking collaboration with the ICE Global Network, provided by Intercontinental Exchange, Inc.

This partnership is designed to extend direct market access to ADX for institutional investors worldwide, enhancing the exchange’s connectivity and reinforcing its growth trajectory.

Facilitating access for global investors in Europe, Asia and the U.S

The integration with the ICE Global Network marks a strategic milestone for ADX, underscoring its commitment to enhancing market connectivity and reinforcing its position in the global financial landscape. The ICE Global Network, renowned for its high-quality content and resilient networks, is anticipated to amplify ADX’s accessibility, particularly in key investor markets such as Europe, Asia, and the United States. This initiative dovetails with ADX’s strategy to foster a more dynamic and sustainable capital market within the UAE.

The ICE Global Network is recognized for connecting financial institutions and trading firms to over 150 exchanges globally, offering an extensive suite of managed services and cloud-based data solutions. The network’s capabilities are particularly relevant for ADX, which has seen a surge in international and institutional investor participation, underscored by successful IPOs and new listings.

ADX’s recent performance, including the listing of 13 securities and three IPOs, reflects its growing appeal to global investors. Notably, the listings of ADNOC Gas, Presight AI, and ADNOC L&S have garnered substantial international demand, propelling ADX to the forefront of the Mena region’s IPO market in 2023. This year alone, ADX has raised over $5.4 billion, indicating robust market activity and investor confidence.

In summary, ADX’s decision to leverage the ICE Global Network for direct market access is a strategic effort to expand its global investor base, providing real-time access to market data and reinforcing the exchange as a central player in the global financial ecosystem.

ADX wants a deeper and more liquid market

Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “ADX’s collaboration with ICE Global Network, widely used by financial institutions and trading firms around the world, aligns with our strategic goal to enhance connectivity in the market and demonstrates our commitment to facilitating access for global investors in Europe, Asia and the U.S. to one of the world’s fastest growing markets. The strengthening of Abu Dhabi’s dynamic capital market will serve to support the long-term sustainable growth of the UAE economy and the exchange will continue to explore partnerships that support both regional and global connectivity as well as a deeper and more liquid market.”

Margaret Niche, Head of ICE Global Network, commented: “Our network was designed to connect investors with marketplaces and opportunities globally and our work with ADX is a perfect match for that purpose. The ICE Global Network offers a portfolio of solutions for low latency data delivery that connects firms around the world and is part of our global data business which provides multi-asset market data and analytics, desktop solutions, hosting and connectivity that provide greater market transparency and helps our customers manage risk in evolving markets.”

Read this next

Digital Assets

JPMorgan’s stablecoin ventures into interbank transactions

JPMorgan Chase & Co.’s proprietary digital token, JPM Coin, is set to expand its use case by facilitating interbank transactions on Partior, a blockchain ledger developed in collaboration with DBS Bank, Temasek, and Standard Chartered.

Retail FX

Interactive Brokers’ client base surges past 2.5 million

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.89 million daily average revenue trades, or DARTS, in November 2023 compared to 1.93 million transactions in the prior month. The figure is three percent lower on a yearly basis, and also dropped slightly from a month earlier.

Executive Moves

Andrew Gibson launches TimberFX brokerage brand in Cyprus

After nearly two years at Tavira Securities as Head of Product Development, industry veteran Andrew Gibson is launching a new FX brokerage business based out of Cyprus.

Market News

US Dollar’s Trajectory Amidst Seasonal Trends and Economic Indicators in December 2023

As we traverse the final stretch of 2023, the noteworthy depreciation of the US dollar dominates the financial landscape

Inside View

Unlocking the Financial Potential of SMEs: Is FinTech the Key?

The rise of the gig economy for early-stage startups and freelancers has highlighted the increasing importance of small-scale business transactions and banking requirements. Unfortunately, this has also exposed a significant gap in the SME banking landscape.

Digital Assets

South Africa’s FSCA receives 138 crypto license applications

The Financial Sector Conduct Authority (FSCA) of South Africa is currently processing a slew of applications from cryptocurrency companies seeking operational licenses.


Exclusive Interview with Greg Rubin, Head of Axi Select: Unveiling the Future of Capital Allocation in the Financial World

Today, we are thrilled to kickstart another series of exclusive interviews with top executives in the financial services industry, hosted by our FinanceFeeds Editor-in-Chief, Nikolai Isayev. Our next guest is none other than Greg Rubin, the mastermind behind Axi Select.

Digital Assets receives UK’s EMI license, paving way for regulated expansion

Cryptocurrency exchange has been authorized as an Electronic Money Institution by the United Kingdom’s Financial Conduct Authority (FCA).

Digital Assets

Ripple’s Metaco joins Zodia Custody’s network for connectivity with Layers 0 and 1

“As the industry undergoes a pivotal transformation, our networked infrastructure is dedicated to standardise, govern and connect institutional digital asset flows — an essential step in forging use cases that transcend individual companies.”