Abu dhabi: The Abu Dhabi Securities Exchange (ADX) Group has partnered with Saal.ai to jointly develop a cutting-edge market data dissemination platform designed to address ADX's evolving requirements. The announcement took place at UMEX, an event currently happening at ADNEC in Abu Dhabi, showcasing ADX's commitment to future-ready market infrastructure and highlighting Abu Dhabi's status as a prime destination for investment and capital markets development.
According to Emirates News Agency, the new AI-enabled platform by Saal.ai will build on ADX's existing data platform and digital infrastructure, aiming to enhance ADX's capabilities in communicating and distributing market data in a controlled and scalable manner. The platform will offer a unified framework for market data distribution, supporting both real-time and periodic data delivery to brokers, vendors, and investors through various channels. It is also designed to improve flexibility, governance, and oversight across ADX's data services while supporting advanced analytics.
This collaboration underscores ADX's dedication to delivering advanced, AI-driven solutions that empower stakeholders, increase market participation, and enhance financial literacy. It aligns with Saal.ai's mission to provide trusted, enterprise-grade data and AI solutions that support essential national and financial market infrastructures.
Vikram Poduval, Chief Executive Officer of Saal.ai, stated, "This collaboration with ADX reflects a shared commitment to strengthening the UAE's financial market infrastructure through trusted, sovereign, and future-ready data capabilities. By supporting the evolution of ADX's market data platform, we are contributing to a resilient national ecosystem that enhances transparency, enables innovation, and reinforces the UAE's position as a leading global financial hub."
Abdulla Salem Alnuaimi, Group CEO of the ADX Group, remarked, "ADX has consistently invested in AI-powered tools and advanced analytics to enhance market understanding, accessibility, and participation. We are glad to partner with Saal.ai to advance the utilization and distribution of vital market data to the right stakeholders and investors. This is part of ADX's ongoing commitment to improving our market infrastructure and providing greater accessibility to relevant market information to support decision-making for the local and global investing communities."
Source: Emirates News Agency