(MENAFN- Emirates News Agency (WAM))
ABU DHABI, 21st November, 2017 (WAM) -- Abu Dhabi Securities Exchange, ADX, has announced that it has joined the International Securities Services Association, ISSA, to become the first financial market in the MENA region to become a member of ISSA.
This new membership demonstrates ADX's keenness to align its regulatory practices with those of international financial markets. It also assures commitment to promoting financial stability and growth in the emirate by maintaining the highest standards of practice in financial services as part of its commitment to the Abu Dhabi Plan and towards the continuous development of financial performance.
The ISSA membership will provide ADX with the opportunity to benefit from the economic and financial research and analysis provided by the organisation to its members as it offers comprehensive assessment of the global outlook with a focus on key emerging economies, timely analysis of capital flows to emerging markets and developments in international financial markets.
Consequently allowing the exchange to achieve one of its main priorities in the Abu Dhabi Plan, which is contributing to the development of the financial services sector in the emirate.
ISSA is a neutral non-profit association located in Zurich. Established in 1979, currently, it has more than 110 member institutions such as custodian banks, clearing organisations, central depositories, stock exchanges, brokers and asset managers in around 50 countries. ISSA objectives are contribution to standardisation, raising awareness, disseminating market knowledge, and defining best practices.
WAM/Esraa Ismail/Chris Moran
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