Jordan, Abu Dhabi Exchanges Unveil Electronic Trading Link Through Tabadul Platform

Amman, June 1 (Petra) – Jordanian capital market institutions, in cooperation with the Abu Dhabi Securities Exchange (ADX), on Monday officially launched an electronic trading link between the Amman Stock Exchange and ADX through the "Tabadul" platform, marking a significant milestone in regional capital market integration.

Launched by the ADX in 2022, the Tabadul platform is designed to facilitate cross-border market access and connectivity among participating exchanges and brokerage firms. The platform enables investors to access investment opportunities across member markets within a unified regulatory and operational framework.

The Amman Stock Exchange and the Securities Depository Center signed the electronic linkage agreement with the ADX on December 11, 2024, in Abu Dhabi, paving the way for Jordan's accession to the Tabadul platform.

Current member exchanges include the Muscat Stock Exchange, Bahrain Bourse, Astana International Exchange, Kazakhstan Stock Exchange, Armenian Securities Exchange, Amman Stock Exchange, and Abu Dhabi Securities Exchange.

The activation of the electronic link reflects the strategic partnership between Jordan and the United Arab Emirates and aligns with ongoing efforts to deepen regional financial market integration. The initiative is expected to expand investor access, broaden the investor base, and facilitate cross-border trading between the two exchanges through licensed brokerage firms.

Chairperson of the the Jordan Securities Commission Imad Abu Haltam described the launch as a strategic step toward greater integration among Arab financial markets, noting that the project reflects the directives of the two countries' leaderships and the strength of their economic and strategic ties.

He said the linkage is expected to enhance market liquidity, improve operational efficiency, and create broader investment opportunities for investors in both countries.

ADX Group Chief Executive Officer Abdulla Alnuaimi said the Tabadul platform represents an advanced model for capital market integration, enabling investors and brokerage firms to access participating exchanges through a secure and technologically advanced trading environment. He added that the platform strengthens the competitiveness and attractiveness of regional financial markets.

Amman Stock Exchange Chief Executive Officer Mazen Wathaifi said the activation of the electronic link forms part of the broader economic cooperation framework between Jordan and the United Arab Emirates and supports the Amman Stock Exchange's strategic objectives of increasing engagement with regional and international markets, facilitating the exchange of expertise, and attracting Arab and foreign investment flows.

He added that the launch coincides with a period of strong performance by the Amman Stock Exchange, highlighted by record market indicators and historic corporate profitability. He attributed this performance to positive economic fundamentals, growing confidence in Jordan's investment environment, government reform and economic stimulus measures, financial and monetary stability, and progress on major development projects.

Securities Depository Center Executive Director Sarah Tarawneh described the platform's launch as a qualitative advancement in the development of Arab capital market infrastructure and regional market integration. She said the system provides investors with a seamless framework for executing transactions across both markets, supported by advanced clearing, settlement, and post-trade services that meet the highest standards of accuracy, reliability, and security.

The ceremony featured a presentation on the Tabadul platform and its operational framework, along with an introductory video highlighting Jordanian capital market institutions and the ADX. The official launch was marked by the ringing of the opening bell, signaling the commencement of electronic connectivity between the Amman Stock Exchange and the ADX. The first cross-market transaction was also executed during the event.

//Petra// AJ

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