Business

Amman Stock Exchange Joins Tabadul Digital Exchange Hub

Amman Stock Exchange (ASE) and Jordan Securities Depositary Centre (SDC) have joined Tabadul Digital Exchange Hub, which was launched by Abu Dhabi Securities Exchange (ADX), one of the world’s fastest-growing exchanges, in 2022.

By doing so, ASE became the eighth bourse to join Tabadul Exchange Hub and the signing ceremony was held on the side lines of the ongoing Middle East Investor Relations Association (MEIRA) Conference in Abu Dhabi. Prior to ASE, Armenia Securities Exchange became part of the hub.

The integration of ASE into Tabadul marks a milestone in advancing cross-border trading and investment opportunities across the region, streamlining trading processes and encouraging greater connectivity.

Investors from Amman can now benefit from greater and faster access to a wider range of securities products and will be able to participate in IPOs and other investment opportunities across the Tabadul member exchanges, likewise for UAE investors.

By bridging markets and fostering cross-market activity, Tabadul continues to strengthen its role as a pivotal platform for regional financial integration and innovation.

Launched by ADX in July 2022, Tabadul is the region’s first digital exchange hub, operating on a mutual market access model. The platform facilitates cross-border trading by connecting member exchanges and enabling brokerage firms to seamlessly access markets within the Tabadul network – providing investors with increased cross-market investment opportunities.

Tabadul provides access to over 6.5 million investors to its member exchanges with over 330 listed companies. As of 2024, the platform has also seen a doubling of trading activities among its members compared to 2023, reflecting its growing influence in the regional financial landscape.

Current members include Abu Dhabi Securities Exchange (ADX), Bahrain Bourse (BSE), Muscat Stock Exchange (MSX), Kazakhstan Stock Exchange (KASE), Astana International Exchange (AIX), Tajikistan’s Central Asian Stock Exchange (CASE), Armenia Stock Exchange (AMX) and Amman Stock Exchange (ASE).

Expanding Tadabul’s Reach

ADX remains committed to expanding Tabadul’s reach through strategic partnerships with leading financial markets globally to enhance market connectivity, increase liquidity, and provide innovative trading solutions for investors.

ASE was established in March 1999 as an independent institution; authorised to function as a regulated market for trading securities in Jordan. On 20 February 2017, the ASE has been registered as a public shareholding company completely owned by the government.

The ASE aims to operate, manage and develop the operations and activities of securities, commodities, and derivatives markets inside and outside Jordan. It seeks to provide a strong and secure environment to ensure the interaction of supply and demand forces for trading in securities in a proper and fair trading practices, and raising the awareness and knowledge of investing in the financial markets and defining the services provided by the ASE.

Global Business Magazine

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