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Emirates NBD Becomes UAE’s First Clearing Member For Equities via ADX
Emirates NBD Becomes UAE’s First Clearing Member For Equities via ADX
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BTCCSquare news:
Emirates NBD has secured approval as a General Clearing Member (GCM) for UAE equity markets through the Abu Dhabi Securities Exchange (ADX), marking a first for the country. The designation enables the bank to offer comprehensive clearing services, including credit facilities and operational tools, to trading members across the UAE.
Hessa Al Mulla, General Manager of Emirates NBD Securities, emphasized the strategic timing of the milestone, noting the UAE equity market's growing appeal to global investors. The MOVE is expected to enhance market liquidity and streamline clearing processes as the region's financial ecosystem expands.
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