Armenia Stock Exchange and Central Depository joined Tabadul Hub

05.11.2024 | 10:11 Home / News / Capital Market /
#Armenia Stock Exchange #Central Depository #Tabadul Hub
The Armenia Stock Exchange (AMX) and the Central Depository of Armenia signed a cooperation agreement with the Abu Dhabi Securities Exchange (ADX).

Under the agreement, AMX joins the Tabadul Digital Exchange Hub, becoming the seventh exchange to join the platform. This cooperation expands opportunities for international investments, providing strategic access to new markets and increasing bilateral investment attractiveness.

AMX reports that the agreement will enable seamless direct trading between ADX and AMX for both investors and brokerage firms. Through the Tabadul platform, brokerages on both exchanges will gain remote access to one another’s markets, fostering cross-market trading and creating new avenues for business and development collaborations. By leveraging Tabadul, investors from member exchanges can participate in in each other's IPO offerings, highlighting the benefits of cross-border trading. This connectivity empowers investors to diversify their portfolios and access a wider range of investment opportunities.

To date, Tabadul has about 4 million investors and operates as a dynamic digital hub, offering access to a range of international markets. Since its launch, the Tabadul hub has become a pivotal innovative platform for bilateral cross-market transactions, supporting investors across member exchanges, including Bahrain Bourse (BSE), Muscat Stock Exchange (MSX), Kazakhstan Stock Exchange (KASE), Astana International Exchange (AIX), Central Asian Stock Exchange (CASE) and, now, Armenia Stock Exchange (AMX).

Hayk Yeganyan, Chief Executive Officer of Armenia Stock Exchange, noted that joining the Tabadul hub marks a transformative milestone for Armenia’s financial market, significantly enhancing its appeal to foreign investors: “Through Tabadul, Armenian brokers will gain seamless access to a wide range of trading instruments across member exchanges without the need for separate accounts, streamlining cross-market activities. This integration deepens Armenia’s connectivity with the Middle East, one of the world’s wealthiest regions, and establishes a strategic bridge for investment flows. Building on our previous collaborations with the European Union and the Warsaw Stock Exchange (GPW), this initiative will further strengthen cross-border investment opportunities, fostering a dynamic and globally integrated market. With AMX’s participation, Armenian investors can now access foreign securities across Tabadul’s network, while investors from Tabadul’s member exchanges gain access to the Armenian market. This mutual access promises to increase liquidity, boost market efficiency, and unlock new pathways for cross-border investment.”

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: “Our strategic partnership with the Armenia Stock Exchange exemplifies our commitment to broadening investment horizons and facilitating access to high-growth markets. This collaboration not only enhances ADX’s global reach but also attracts greater investment flows to Abu Dhabi, solidifying our position as a leading global capital market and financial hub.”

“This historic step will open up new prospects and opportunities, which will increase the competitiveness and sustainability of Armenia’s investment ecosystem, creating modern, dynamic, and attractive conditions for investing in Armenia’s capital market,” the news release reads.
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