Stock exchanges of Tashkent and Abu Dhabi agreed on cooperation

The Tashkent Stock Exchange has agreed to cooperate with the Abu Dhabi Securities Exchange (ADX), Spot reports, citing the press service of the Tashkent Stock Exchange.

The heads of the two exchanges, Abdullah Salim Alnuaimi and Giorgi Paresishvili, signed a memorandum of understanding on April 19. The document provides for cooperation in the development of electronic trading, post-trading trading and the implementation of training programs, as well as the exchange of technologies.

It is expected that the memorandum will pave the way for the Tashkent Exchange to integrate into the Tabadul Digital Exchange Hub. It is the first exchange-to-exchange information sharing center in the Middle East.

Through Tabadul Hub, cross-border transactions with securities are carried out on four platforms. Project participants receive mutual access to the market, which will open up additional opportunities for cross-border investments.

Alnuaimi called the signing of the memorandum a “new milestone” in the work to expand contacts between markets. He expects that the partnership will expand Tabadul’s reach in Central Asia and improve investors’ access to international markets.

The Tabadul initiative is consistent with the strategy of the Tashkent Exchange, Paresishvili emphasized. The platform considers it a priority to “ensure easy access for foreign investors to the Uzbek capital market and vice versa”.