Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has hosted representatives from Bank of Sharjah and SHUAA Capital to mark the commencement of Liquidity Provision services for Bank of Sharjah shares on the ADX by SHUAA.
SHUAA will work, under its capacity as an authorised Liquidity Provider by the ADX, to enhance liquidity levels of the traded stock and will keep a fair and orderly market based on the standards set by the exchange, according to an official statement.
“We are witnessing growing interest in the depth of products and services which we have introduced, including Liquidity Provision mandates,” ADX’s CEO Rashed Al Blooshi commented.
Recently, the ADX launched a variety of services including Technical Short Selling.
“Our established experience in Liquidity Provisioning and Market Making in UAE markets allow us to prudently provide these firms with the scenarios needed to build healthy liquidity levels,” SHUAA Capital’s CEO Fawad Tariq-Khan said.
