Emirates NBD partners with ADX to offer instant trading access

By Leandra Monteiro

Emirates NBD Securities, a brokerage firm in the UAE, has partnered with Abu Dhabi Securities Exchange (ADX) to provide traders with instant access to the exchange’s listed companies, enabling it to offer instant trading account opening and digital onboarding to another UAE stock exchange.

The partnership will allow more than one million Emirates NBD customers to start trading instantly on ADX and support the buoyant demand for ADX-listed companies. Investors will be able to kickstart their trading journey through a simple three-step process that will provide instant National Investor Number (NIN), trading account and investor account. This will eliminate the need to print, sign, scan and e-mail documents.

Commenting on the announcement, Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, said, “Emirates NBD Securities is delighted to partner with ADX to offer investors quick and easy access to the dynamic companies traded on the exchange, enabling us to provide instant access to both of the UAE’s stock markets. Our end-to-end digital investor onboarding platform will now enable our customers to start trading instantly on two of the region’s top three stock exchanges by market capitalization. With this partnership, our digital onboarding platform, IPO subscription facility and NIN generation service, we are the only regional bank to offer UAE investors an all-inclusive package to trade with ease on the UAE’s burgeoning capital markets. We are confident that our efforts will increase the flow of capital into regional markets, enhance market liquidity and reinforce the UAE’s position as the region’s leading financial center and hub for technological innovation.”

Saeed Hamad Al Dhaheri, Managing Director and Chief Executive Officer of the ADX added, “We are pleased to partner with Emirates NBD Securities to facilitate access to the ADX, one of the world’s fastest growing and best-performing exchanges. Working with partners to facilitate access to the unique growth opportunities that companies listed on the ADX offer reinforces our strategy of creating a dynamic capital market. We will continue to actively promote the listings pipeline and introduce products and services that will further enhance our offering.”