The Armenian Stock Exchange (AMX) is planning to broaden foreign investor access to the Armenian capital market by joining the Abu Dhabi Stock Exchange platform, reports ArmInfo, citing AMX Board Chairman Hayk Yeganyan.
In the coming days, AMX intends to sign an agreement to join the Tabadul Hub trading platform, which facilitates mutual market access for participants at regional and global levels. The platform’s key feature allows trading in securities in both local currencies and the asset's currency without restrictions on minimum transaction amounts.
“This is highly beneficial for Armenia, as large international banks that are members of the participating exchanges will gain direct access to AMX’s currency and debt markets,” Yeganyan emphasized.
A key advantage of this integration is the ability to utilize Abu Dhabi’s clearing system through the Central Counterparty (CCP), an intermediary organization that assumes the associated risks of exchange transactions. The Armenian side has already approached ADX with a proposal to extend this service to the Armenian market.
Currently, Tabadul participants include exchanges in Abu Dhabi, Bahrain, Muscat, and the Astana International Exchange. According to Yengoyan, the technical aspect of the integration has already been addressed, and following necessary regulatory updates, the project could launch within six months.
Ranked second among Arab exchanges, the Abu Dhabi Stock Exchange views the Tabadul Hub project as a tool to reinforce its position as a significant regional trading center.
