ADX Links Amman Exchange To Tabadul As Gulf Market Plumbing Goes Regional
ADX has launched an electronic link with Amman Stock Exchange through Tabadul, adding Jordan to a cross-market trading platform built for brokers, investors, settlement and clearing.
ADX Connects Amman To Tabadul Trading
Abu Dhabi Securities Exchange has launched an electronic trading link with Amman Stock Exchange through the Tabadul platform, giving brokers and investors in the two markets a new cross-market route for listed securities.
The link was activated in Amman with Jordan's capital-market institutions, including the Jordan Securities Commission, Amman Stock Exchange and Securities Depository Centre.
The project is a capital-market infrastructure story rather than a general cooperation announcement.
ADX says the link is intended to broaden the investor base, increase market access and support cross-market trading through brokerage firms.
For investors, the operating change is that access between Abu Dhabi and Amman is being routed through a shared digital platform instead of a purely bilateral market relationship.
Settlement And Clearing Sit Inside The Link
The launch also brings post-trade plumbing into the regional market-access plan.
The Securities Depository Centre said the agreement enables investors to trade between the two markets within an integrated legal and regulatory framework, with settlement, clearing and pre- and post-trade services covered by the arrangement.
ADX Group Chief Executive Officer Abdullah Salem Al Nuaimi described Tabadul as a model for integration among financial markets and a way to give investors and brokerage firms access to member markets in a secure trading environment.
Jordan Securities Commission chairman Emad Abu Haltem said the project should support liquidity, market efficiency and broader investment opportunities in both countries.
Tabadul Adds Another Arab Market Route
ADX launched Tabadul in 2022 to connect member markets and make mutual access easier for brokerage firms.
The network now spans exchange venues in Oman, Bahrain, Astana, Kazakhstan, Armenia, Jordan and Abu Dhabi, giving the platform a wider Arab and Asian footprint.
The Amman link follows an electronic linking agreement signed in Abu Dhabi on 11 December 2024 by Amman Stock Exchange, the Securities Depository Center and ADX.
During the Amman launch event, the opening bell marked the official start of the link and the first transaction between the two parties was executed.
Regional Market Access Still Depends On Broker Use
The launch gives ADX and Amman Stock Exchange a working digital connection, but commercial depth will depend on how brokers and investors use the route.
ADX did not publish transaction volumes, participating broker counts or liquidity targets for the first phase.
For Gulf capital markets, the immediate operating issue is whether Tabadul can turn exchange-to-exchange connectivity into regular cross-border order flow across the UAE, Jordan and the platform's wider Arab and Asian member markets.
