New York Stock Exchange, Abu Dhabi Securities Exchange enter MOU to collaborate

The New York Stock Exchange, part of Intercontinental Exchange, and the Abu Dhabi Securities Exchange, or ADX, announced that the two parties have signed a memorandum of understanding to collaborate on a number of key business activities, including the dual listing of companies on both exchanges. The NYSE and ADX will also explore opportunities to develop ETFs and data and index products, as well as collaborate on sustainability-related initiatives. The agreement follows the announcement last week that ADX has selected the ICE Global Network to offer global institutional investors direct access to ADX market data and order entry. The MOU also builds on ICE’s broader commitment to the region, including its collaboration with Abu Dhabi National Oil company to launch ICE Futures Abu Dhabi in 2021. The agreement between the NYSE and ADX was signed today by John Tuttle, vice chair of the New York Stock Exchange and president of the NYSE Institute, and Abdullah Salem Alnuaimi, CEO at the Abu Dhabi Securities Exchange. Tuttle, joined by Margaret Niche, Head of ICE Global Network, visited Abu Dhabi this morning and rang the ADX opening bell to celebrate the signing of the MOU as well as the addition of ADX to the ICE Global Network.