Business | Markets
Abu Dhabi exchange eyes Asian listings
The Abu Dhabi Securities Exchange (ADX) is keen to attract dual listings from Asia, rather than the West, its chief executive said yesterday, as Gulf Arab bourses try to boost liquidity on young markets.
- Reuters
- Published: 23:32 November 5, 2008
Dubai: The Abu Dhabi Securities Exchange (ADX) is keen to attract dual listings from Asia, rather than the West, its chief executive said yesterday, as Gulf Arab bourses try to boost liquidity on young markets.
Tom Healy told Reuters Middle East Investment Summit the ADX saw more opportunities in attracting Asian newcomers to the market rather than simply getting a secondary listing from a firm already listed on Western stock markets.
"We have been talking to banks, trying to attract secondary listings probably Asian side rather than west," he said.
The pursuit of Asian listings is one of several measures being taken by bourses in the region to attract more players, including the launch of derivatives, futures and options trading.
The Abu Dhabi Securities Exchange has delayed its planned launch of exchange-traded funds (ETFs), originally targeted for the end of 2008, to the first quarter of 2009 given the current market climate, Healy said.
Share this article
More from Markets
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
What to expect at the Dubai Airshow
We preview what types of aircraft to expect at the Dubai Airshow
-
Air Arabia revamps its website
Upgraded site offers new features, accessible in range of languages
-
Dubai looks ahead to 2010 with new projects
Global visitor numbers up 4% on year and occupancy rates remain strong
