Abu Dhabi's stock exchange partners with London's FTSE Russell | ZAWYA MENA Edition:
The Abu Dhabi Securities Exchange (ADX), which trades shares of UAE companies, has partnered with global index provider FTSE Russell in London.
Under the new partnership, FTSE Russell will become the benchmark administrator for tailored domestic equity indexes of the stock exchange.
The new arrangement means that the ADX indexes will transition to FTSE Russell’s rule-based index methodology and the index names will be co-branded.
“The Middle East is a real focus area for us since I took over running the company in the beginning of last year. We’ve been thinking about getting deeper into Middle Eastern markets. We have done a lot in Saudi Arabia,” Waqas Samad, CEO of FTSE Russell told Zawya at the sidelines of a media briefing in Abu Dhabi.
No comments:
Post a Comment