|
||||||||||||
Abu Dhabi Securities Exchange (ADX) Participating In SALT International Conference In Abu Dhabi |
||||||||||||
Al-Mansouri: "Our comprehensive digital services are on par with the most advanced global financial markets."Abu Dhabi Securities Exchange (ADX) is participating in panel discussions held at the global SALT Conference during 9th - 11th December at Emirates Palace in the capital Abu Dhabi. SALT Conference is held in partnership with Abu Dhabi Global Market and is a global thought leadership forum that aims to enhance collaboration between finance, technology and geopolitics. H.E. Khalifa Salem Al Mansouri, Chief Executive of ADX, will be speaking in a panel titled ‘The Disruption of Traditional Asset Exchanges’ on Wednesday 11th December. Alongside him will be Thomas Gallagher, Chairman and CEO of MIAX, Basil Al-Askari, Co-Founder and CEO of MidChains, with moderation by Vivek Dhayagude, Chief Technology Officer of SkyBridge. H.E. Khalifa Salem Al Mansouri, Chief Executive of ADX, said: "We are delighted to make valuable contributions to SALT Conference, which will be held in Abu Dhabi for the first time. This global platform for entrepreneurs and investors brings together a large number of prominent speakers and pioneers of global financial sectors, technology and political geography. ADX is working to advance its status as a preferred destination for global listing and trading, establishing its position as a leading market in the region. ADX achieves this by providing the best innovative products and services that will secure a fair and safe environment for investment.” ADX’s participation in SALT Conference stems from its comprehensive vision towards developing digital and innovative market services, which keep pace with the latest developments in information technology to support the digital transformation of Abu Dhabi's government. ADX’s development is on par with the highest international standards and the Exchange uses blockchain technology in the service of electronic voting in general assemblies. Such an approach is the first of its kind for a financial market in the MENA region. His Excellency added: "ADX is working to advance its status as a preferred destination for global listing and trading, establishing its position as a leading market in the region, and we are achieving this by providing the best innovative products and services that will secure a fair and safe environment for investment. ADX continues its quest to strengthen the local economy and support the achievement of comprehensive and sustainable economic development in Abu Dhabi. Within the Exchange’s framework sits the development of the financial services sector and the enhancement of the competitive environment for doing business and attracting investments in the UAE.” ADX had a series of valuable contributions to make to SALT Conference, with the Exchange recently issuing a guide for environmental, social and governance (ESG) disclosure standards, as part of a broader approach to enhance the sustainability of companies listed on the Exchange. Its indicators fall in line with the Global Reporting Initiative and are compatible with the sustainable development goals set by the United Nations. This initiative is also aligned with ADX’s signing of the Abu Dhabi Declaration on Sustainable Finance which was carried out with 25 government agencies and institutions. This comprehensive document aims to promote positive economic, social and environmental aspects and promote sustainable financing and long-term investment to serve the country's economy. A series of adjustments and improvements have been made by ADX in the beginning of November 2019 to the electronic disclosure system and mechanisms. The latest technologies and methods applied in the global markets have been utilised, whereby companies can practice disclosure immediately without the need for prior approval from the market, except for cases of suspension, re-circulation and insiders trading. ADX has adopted a package of smart and innovative technologies, including the Arqaam platform which is powered by artificial intelligence technologies. This technology can be used in business management and is beneficial due to its quick access to multiple sources of information as well as computerized advice and expectations which it provides to make the right administrative decisions. ADX also introduced its digital wallet powered by PAYIT. A promotional campaign was launched by ADX this year in cooperation and coordination with the Canadian Labor Council in Abu Dhabi, to introduce the investment opportunities available in the market. The Exchange also employs its digital leadership with an innovation package that it has developed during the past years, within the framework of enhancing the competitive environment for doing business and attracting investments. The services provided by ADX to its investors would enhance its ability to serve foreign investments with all the care, feasibility and reassurance they deserve. ADX has achieved a series of remarkable accomplishments in 2019, attracting a new large group of investors and launching new packages of services, legislation and regulations; all of which have given rise to performance with flexibility, transparency and effectiveness. Notably among them is ADX's arrival at the ‘Smart City Middle East Awards', hosted by International Data Corporation. (IDC) Finals through its participation in the “Smart Government Administration” category with its CRM Digital Transformation Program (SAHMI). |
||||||||||||
