ADX and FTSE Russell partner for equity index launch

The Abu Dhabi Securities Exchange (ADX) has teamed up with FTSE Russell for the launch of a blue chip equities index. 

The FTSE SDX 15 Index (FADX 15) is designed to support Abu Dhabi’s ETF launches as well as the recently launched derivatives market.

It will include the 15 most liquid stocks on the ADX using a combination of free float adjusted market capitalisation and median daily trading value.

According to the ADX, the FADX 15 will be the first of a number of co-branded benchmarks to be developed by the exchange and FTSE Russell.

Saeed Hamad Al Dhaheri, managing director and CEO of ADX described the launch as “a major milestone” that will support the exchange’s aim “to create a vibrant and liquid capital market that provides sustainable growth opportunities for investors around the world”.

© 2022 funds global mena

Related Articles