11
October
2020
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ADQ launches Q Market Makers to enhance ADX liquidity

Highlights

  • New market maker commences trading on Abu Dhabi Securities Exchange (ADX)

ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's economy, announced today the launch of Q Market Makers LLC (QMM). The new market maker began trading today on Abu Dhabi Securities Exchange (ADX).

Market makers are key market participants that provide a highly effective means of facilitating trading activity and ensuring liquidity in a strong securities exchange. A highly liquid exchange instils greater interest and confidence in the capital markets attracting order flow and listings. Prices become more efficient, volumes increase as the average spread narrows and overall transaction costs are reduced. This in turn provides a credible platform for companies to raise capital and expand and diversify their shareholder base.

Abu Dhabi Securities Exchange is working to encourage participation in the securities markets in order to increase liquidity while promoting capital formation and economic growth. Capital markets with more liquidity and efficiency are essential for any country to achieve economic diversification, and help create a business system that is more competitive, transparent, and engaging with the global economy through expertise and adoption of best global practices.

H.E. Mohamed Ali Al Shorafa Al Hammadi, Member of the Abu Dhabi Executive Council and Chairman of Abu Dhabi Securities Exchange (ADX)

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.

H.E. Al Shorafa

The establishment of QMM brings together a combination of highly specialized expertise, innovative technology and capital deployment for the benefit of listed companies and their shareholders alike. 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. This goes to the heart of ADQ's aim to generate economic activity underpinned by a leading capital market that helps to drive Abu Dhabi’s growth and development.

H.E. Mohamed Hassan Alsuwaidi, CEO of ADQ

To facilitate and support its activities as an independently managed market maker, QMM will be able to access funding allocated for market making earlier this year as part of the Abu Dhabi Economic Stimulus Package. This funding was set up by the Abu Dhabi Government under Ghadan 21 to enhance liquidity of the capital markets.

About ADQ

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.

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