Abu Dhabi-Sunday 26th January 2014:

Abu Dhabi Securities Exchange (ADX) announced recently that it is in the final stages of completing the process of replacing its current trading system Horizon with the new trading system X-stream from NASDAQ OMX.   ADX stated that it has successfully finished its third mock session on the new trading system.   

The mock session conducted by ADX is to ensure the readiness of the brokerage firms and their internal systems to deal with the new trading platform X-stream, as well as to recognize the readiness of communications network of the companies participating in the mock session.  X-stream is a high performance exchange trading system that offers multiple functionalities and maximum flexibility to cater to the needs of ADX.


On this occasion, ADX CEO, Mr. Rashed Al Baloushi, said: "The process of testing the new system was successful. We are grateful for all the brokerage firms that participated in the testing process, and we hope from the companies that did not participate to update their systems to conform to the new trading platform."

"Technology performance is important to meeting our business performance demands and we're committed to maintaining a leadership role in every aspect of our exchange operations. We're always monitoring our performance and searching for ways to improve our platforms, services and support."  Said Mr. Al Baloushi


ADX CEO pointed out that the purpose of these tests is to validate the end to end information flow and avoid faults, if any, at a very early system phase, as such tests will provide the opportunity of making the required modifications, if any, in a timely manner. 

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About ADX:
Abu Dhabi Securities Exchange (ADX) was established in November 2000 as the official stock exchange of the emirate of Abu Dhabi, the Federal Capital of the United Arab Emirates (UAE).  ADX is a market for trading securities including shares issued by public joint stock companies, bonds issued by governments and corporations, exchange traded funds and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA).

ADX has 68 listed Securities and a market capitalization of AED 292 Billion ($79.4 billion USD) as of September 30th 2012 and an investor base of 914,564 as of the end of 2012.  Of the total number of investors in the market 562,733 are UAE nationals, with 58 government entities, and 1,652 institutions.  Individuals from the Gulf Corporation Council (GCC) accounted for 272,531, with 4 GCC government entities, and 318 GCC institutions.  Individuals from Arab countries accounted for 47,856, with 81 institutions.  Other nationals accounted for 27,294, with 2,037 institutions. 

In alignment with the Abu Dhabi Government's Economic  Vision 2030, ADX aspires to be the exchange of choice by developing the capital market through legal environment that ensures disclosure, transparency and integrity.

Please visit www.adx.ae for more information.

For more information, please contact:
Adel Al Dhaheri
Manager of Media Relations
Abu Dhabi Securities Exchange
Telephone No: +971 (2) 612 8716
Fax No:  +971 (2) 612 8728
Mobile No: +97150 622 12 66
E-mail address: adelm@adx.ae

© Press Release 2014