The Tashkent Republican Stock Exchange (RSE) and the Abu Dhabi Securities Exchange (ADX) have inked a Memorandum of Understanding (MoU) on April 19.
One of the key highlights of this MoU is the inclusion of the RSE as the fifth member in the Tabadul Digital Exchange Hub. This hub represents the region's premier digital exchange platform, founded on principles of mutual market access, heightened connectivity, and the creation of fresh avenues for cross-border investments.
According to the terms outlined in the MoU, ADX and the RSE will engage in collaborative efforts aimed at enhancing electronic trading and post-trading systems. Additionally, they will exchange insights on modern trading methodologies and technologies, while also extending support to each other in educational and training endeavors designed to stimulate market growth and foster innovation.
Abdulla Salem Alnuaimi, CEO of ADX, expressed enthusiasm about the agreement, stating,
"This partnership expands our reach in Central Asia, which is fully in line with our goals to increase efficiency of cross-border markets and liquidity."
He emphasized the significance of enhancing global connectivity and information exchange between different markets, underscoring the collective commitment to providing investors with greater access to international markets and innovative solutions.
In response, Georgy Paresishvili, Chairman of the Board of the Tashkent Stock Exchange, highlighted the significance of the ADX Tabadul initiative, which aims at mutual recognition of broker members and facilitating cross-border trading and settlement of securities across multiple markets in the Middle East and Central Asia. Paresishvili emphasized that the Tabadul Initiative aligns seamlessly with their strategy to provide easy access to the Uzbek capital market for foreign investors and vice versa.
Quoting Alnuaimi, "This agreement with the Republic Stock Exchange is a new milestone in our efforts to enhance global connectivity and information exchange between different markets."
The agreement holds promise for unlocking new avenues of growth and collaboration in the dynamic landscape of global securities trading.
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