Business

ADX to Add Listed Firms to Trading Platform eToro

In a bid to attract more companies to invest in the UAE’s listed companies, the Abu Dhabi Securities Exchange (ADX) on Monday signed an agreement with the Tel Aviv-based trading and investing platform eToro to add a number of ADX-listed stocks to the latter’s platform.

Starting in 2025, eToro’s users will be able to invest in a number of ADX-listed companies across various sectors, including energy, real estate, banking, finance, technology, and healthcare, thereby further diversifying their portfolio with one of the world’s fastest-growing exchanges that rank among the top 20 globally in terms of market capitalisation.

Since 2021, the ADX General Index has achieved a remarkable 75% growth, placing it among the top four exchanges globally in market performance.

Yoni Assia, Co-Founder and CEO at eToro, said that the partnership with ADX enables eToro users to trade ADX-listed stocks. Since founding the company in 2007, they have built a global, multi-asset investment offering and today offer its users from 75 countries the ability to trade in equities from more than 20 stock exchanges, he said.

ADX Group CEO Abdulla Salem Alnuaimi said that ADX was dedicated to connecting global investors with opportunities in one of the region’s most dynamic markets.

“Our partnership with eToro will provide seamless access to leading ADX-listed companies across key sectors for over 38 million registered users on eToro, enhancing market liquidity and reinforcing Abu Dhabi’s position as a premier destination for international investment,” he added.

eToro empowers people to invest, share and learn. The platform is used by more than 38 million registered users from 75 countries. The platform believes that there is power in shared knowledge and that it can become more successful by investing together.

About ADX

ADX is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

It is a market for trading securities including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).

ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE “Towards the next 50” agenda.

The national plan charts out the UAE’s strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.

Global Business Magazine

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