Two of the Mena region’s largest stock exchanges have struck and agreement to allow cross-border trading and the promotion of new services. The alliance between the Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse is designed to boost liquidity in the respective venues. The announcement builds on a cooperation agreement signed in November last year. According to an ADX statement, the partnership is aiming to achieve “synergies, enhance market liquidity and promote innovative products and services”. Both exchanges have launched various projects and initiatives in the last year designed to boost activity. Last month, 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.   Sheikh Khalifa bin Ebrahim Al Khalifa, chief executive of Bahrain Bourse and vice chairman and managing director of Bahrain Clear said: “Our aim is to ensure that our capital markets continue to support the development of an increasingly dynamic corporate landscape, while offering investors easy, cost-efficient access to a wider range of opportunities to participate in growth.” ©2022 funds global mena