Abu Dhabi Securities Exchange depends on the closing price trading mechanism


The Abu Dhabi Securities Market announced the addition of the trading session to the closing price, effective March 4, 2021, to enable investors to trade securities listed on the market at the closing price for a period of 5 minutes at the end of the trading day. This initiative is part of the “ADX One” strategy adopted by the market to expand its services and products and enhance its liquidity.

The trading session continues on the closing price from 1.55 to 2 pm, and allows investors to adjust orders after the pre-closing bid. Market makers and liquidity providers can use the trading mechanism on the closing price to protect their positions, and investment fund managers will also benefit from this session as it opens the door for them to buy and sell securities in the market based on the net asset value of their funds at the end of the day.

“The role of the Abu Dhabi Securities Market is to ensure smooth communication between investors and issuers within a dynamic market,” said Abdullah Salem Al Nuaimi, Acting Executive Vice President of the Abu Dhabi Securities Exchange. We are in the process of launching a range of initiatives to improve liquidity and make trading easier and more convenient, in line with international best practices. The pre-closing bidding is important to enhance the liquidity of the trading cycle. Therefore, trading on the closing price provides investors with greater flexibility to achieve their tactical goals. ”


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