The Central Depository of Azerbaijan (CDA), the Baku Stock Exchange (BSE), and Azer Turk Bank OJSC (ATB) have jointly signed a collective agreement with the Abu Dhabi Securities Exchange (ADX) of the United Arab Emirates to join the Tabadul Trading Hub, APA-Economics reports, citing the CDA.
It was noted that the agreement will strengthen the role of the Tabadul platform as an integration bridge between the BSE and ADX, enabling the members of both exchanges to trade with each other on a reciprocal basis. This will make the trading process faster, safer, and more accessible for investors.
The CDA’s function is to open nominee custodian and deposit accounts for ADX members, as well as to ensure the settlement and safekeeping of acquired securities. At the initial stage, Azer Turk Bank has been designated as the settlement agent for the recognition of cash obligations and the execution of settlements under Tabadul.
According to the information, the Tabadul platform has rapidly evolved into an important trading bridge connecting different regions and has expanded cooperation among capital markets. Azerbaijan’s accession to this hub will support the development of the country’s capital market, strengthen international integration, and increase market competitiveness.
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