Azerbaijan and UAE launch cross-market trading in capital markets

Azerbaijan’s National Depository Center (NDC) has signed a Collective Exchange Agreement with the Abu Dhabi Securities Exchange (ADX) to enable the Baku Stock Exchange (BSE) and Azər Türk Bank to join the Tabadul Trading Hub, the NDC said in a statement.

The agreement will allow the Tabadul Trading Hub to serve as a bridge between ADX and BSE, enabling members of both exchanges to trade across markets. NDC noted that this will make trading faster, more efficient, and secure for investors and investment firms.

For ADX members wishing to trade on the Azerbaijani market, NDC will open nominee and depository accounts to support settlement and custody of securities. At the initial stage, Azər Türk Bank has been appointed settlement agent for recognising pre-trade cash obligations and processing cash settlements.

The Tabadul platform has rapidly connected multiple countries and regions, improving accessibility of cross-border capital-market trading. Azerbaijan’s integration into the hub is expected to strengthen international cooperation and enhance the competitiveness of the local capital market.

N.Tebrizli