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.
More from Markets
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
