ADQ launches Q Market Makers to improve ADX liquidity

ABU DHABI: ADQ, one of the region’s largest holding companies with a broad portfolio of major businesses spanning key sectors of Abu Dhabi’s economy, today announced the launch of Q Market Makers LLC (QMM ). The new market maker began trading today on the Abu Dhabi Securities Exchange (ADX).

Market makers are key market players that provide a highly efficient means of facilitating trading activity and ensuring liquidity in a strong stock exchange. A highly liquid exchange generates greater interest and confidence in capital markets, attracting order flow and quotes. Prices become more efficient, volumes increase as the average spread narrows and overall transaction costs are reduced. This in turn provides a credible platform for companies to raise capital and expand and diversify their shareholder base.

On this occasion, HE Mohamed Ali Al Shorafa Al Hammadi, Member of the Executive Council of Abu Dhabi and Chairman of the Abu Dhabi Stock Exchange (ADX), said: “The Abu Dhabi Stock Exchange is working to encourage the participation to the securities markets in order to increase liquidity while promoting capital formation and economic growth. Capital markets with more liquidity and efficiency are essential for any country to diversify its economy and contribute to creating a trading system that is more competitive, transparent and engaged in the global economy thanks to the expertise and the adoption of global best practices.
HE Al Shorafa added: “Market making is a key pillar in the development of financial markets and significantly advances financial trade. The launch of Q Market Makers is an important milestone for the Abu Dhabi Stock Exchange, paving the way for increased market activity at all levels. »

HE Mohamed Hassan Alsuwaidi, CEO of ADQ, said: “The creation of QMM brings together a combination of highly specialized expertise, innovative technology and capital deployment for the benefit of listed companies and their shareholders. As an additional market maker for ADX, QMM will help increase liquidity and improve the market quality of the state-of-the-art Abu Dhabi Exchange. This goes to the heart of the ADQ’s goal of generating economic activity supported by a leading capital market that helps drive Abu Dhabi’s growth and development.

To facilitate and support its activities as an independently managed market maker, QMM will be able to access funding allocated for market making earlier this year as part of Abu Dhabi’s economic stimulus package. This financing was set up by the government of Abu Dhabi under Ghadan 21 to improve liquidity in the capital markets.

About the ADQ

Headquartered in Abu Dhabi, ADQ was established in 2018 as a public joint-stock company (PJSC). It holds a diversified portfolio of large companies spanning key sectors of Abu Dhabi’s economy, including utilities, tourism and hospitality, aviation, transport, logistics, industry, real estate , media, health, food and agriculture and financial services.

As a strategic partner of the Government of Abu Dhabi, the ADQ is committed to supporting the development of Abu Dhabi as a modern, competitive, prosperous and sustainable economy. The ADQ stimulates the creation of value by developing leading sectoral ecosystems and by instilling a culture of performance in its entire business portfolio. ADQ is also an asset owner and investor in target sectors, both locally and internationally, that align with Abu Dhabi’s leadership vision.

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About the Abu Dhabi Stock Exchange

Abu Dhabi Securities Exchange (ADX) is part of ADQ, one of the largest holding companies in the region with a large portfolio of major companies spanning key sectors of Abu Dhabi’s diverse economy.

ADX is a securities trading market; including shares issued by public joint-stock companies, bonds issued by governments or corporations, exchange-traded funds and any other financial instruments approved by the Securities and Commodities Authority (SCA) of the United Arab Emirates. It is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified revenue streams is aligned with the guiding principles of the UAE’s Towards the Next 50 program. The National Plan sets out the UAE’s strategic development blueprint which aims to build a sustainable, diversified and high value-added economy that positively contributes to the transition to a new global sustainable development paradigm.

© Press release 2020

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