UAE - Mubasher: ADQ has launched Q Market Makers (QMM) to enhance liquidity at the Abu Dhabi Securities Exchange (ADX), according to a press release on Sunday.
The Market maker will facilitate trading activity and improve liquidity at the ADX to attract order flow and listings by providing a credible platform for companies to raise capital and expand their shareholders base.
The QMM will have access to the funding allocated for market making, at the beginning of 2020, as part of the Abu Dhabi Economic Stimulus Package to ensure liquidity in the capital markets.
The Member of the Abu Dhabi Executive Council and Chairman of the ADX, Mohamed Ali Al Shorafa Al Hammadi, said: "Market making is a key pillar of the financial markets’ development and significantly advances financial trading. The launch of Q Market Makers is a significant milestone for Abu Dhabi Securities Exchange, paving the way for increasing market activities at all levels."
The CEO of ADQ, Mohamed Hassan Alsuwaidi, commented: "As an additional market maker for ADX, QMM will help to boost liquidity and improve market quality of Abu Dhabi’s state-of-the-art exchange."
