Abu Dhabi bourse partners with FTSE Russell to develop indices | ZAWYA MENA Edition
The Abu Dhabi Securities Exchange (ADX) has partnered with FTSE Russell to co-brand and co-develop indices for the ADX market.
In a statement on Monday, ADX said as of 10 January 2022, the FTSE ADX General Index will replace the ADX General Index, and FTSE ADX sector indices will take the place of the existing sector indices.
“Further new indices will be co-developed under the partnership to support ADX’s vision of introducing new tradable index products on its market,” it said.
One of two bourses in the UAE, ADX has been working on initiatives to expand and deepen the capital market.
In November, it introduced a derivatives market that allow trading in single stock futures, using marketplace technology delivered by Nasdaq.
This partnership may be useful and lead to great advantages though all the rules and even issued contracts are getting updated and changed per day. Regulations differ from country to country and as I read on https://legamart.com/articles/joint-venture-agreements-in-sultanate-of-oman/, Oman and its neighbor countries have distinct rulesl.
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