The respective stock exchanges in Abu Dhabi and Bahrain have launched what they claim to be the region’s first digital exchange hub, Tabadul.
Tabadul was established in the wake of a partnership agreement between the Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse in November.
The two exchanges pledged to develop a cross-border trading environment designed to boost liquidity in both markets,
Bahrain Bourse and ADX have been involved in several initiatives to increase trading activity in the region.
In April, ADX teamed up with FTSE Russell to launch a blue-chip equity index, and in November, it launched a derivatives market to allow trading in single equity futures.
And in December, Bahrain Bourse launched its national investment platform to give retail investors access to national infrastructure projects.
“The launch of Tabadul reflects on the emirate’s commitment to have closer economic ties with nations in the region and enhance market liquidity,” said ADX chairman Hisham Malak.
“It is a step forward in enhancing cooperation between UAE and Bahrain and will further bring economic prosperity to both nations.
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