ABU DHABI: Kazakhstan Stock Exchange (KASE) and KASE Clearing Centre (KACC) have joined the Tabadul Digital Exchange Hub, making KASE the sixth member. This collaboration aims to enable cross-border trading between the exchanges and expand investment opportunities.
Tabadul, launched by Abu Dhabi Securities Exchange (ADX) in 2022, is a digital platform connecting multiple exchanges for cross-border trading. It has over a million registered investors and offers access to various sectors.
“Connecting Kazakhstan Stock Exchange to the Tabadul Hub expands investment opportunities for participants in the Kazakh financial market. Providing access to Tabadul will help to increase liquidity and increase the number of foreign investors, both private and institutional ones in the Kazakh stock market. Kazakh investors will have access to trading foreign securities on exchanges connected to the Tabadul Hub, including the ADX, Bahrain Bourse (BHB), Muscat Stock Exchange (MSX), and Astana International Exchange (AIX) with
several more international exchanges in the process of joining the Hub. Transactions made by members of the Exchange will be settled through KASE Clearing Centre in Kazakh tenge”, said Alina Aldambergen, Chairman of the KASE Management Board.
The technical connection to Tabadul is expected to be completed by the end of the year There are two Kazakhstan brokerage companies, Freedom Finance Global and Halyk Finance, that already have access to Tabadul Hub and several other local brokers are in the process of connecting to it.
‘We are excited to welcome KASE to the Tabadul Hub. This collaboration aligns with ADX’s goal of attracting more investment to Abu Dhabi and expanding global market connectivity. With KASE on board, investors can access the multi-asset investment opportunities and benefit from market efficiencies not only in both Kazakhstan and the UAE, but they can tap onto growth markets including Oman, Bahrain, Tajikistan and more driving liquidity and market efficiency. We look forward to a successfu
l partnership with KASE and together, we will foster a more robust and borderless trading marketplace,’ commented Abdulla Salem Alnuaimi, Group CEO of ADX.
Tabadul is positioned as a platform for sustainable economic growth in the region, providing investors with easy access to trading opportunities across participating markets.
Source: Emirates News Agency