ADX joins WFE as full member
- United Arab Emirates: Thursday, October 18 - 2012 at 10:58
- PRESS RELEASE
The World Federation of Exchanges (WFE) has voted for Abu Dhabi Securities Exchange (ADX) to become a full member of the WFE. ADX was elected as a member during the 52nd General Assembly and Annual Meeting of the WFE held in the capital city of Taiwan, Taipei, on the 15th of October.
The WFE's selection of ADX for full membership came after thorough assessments done by the WFE on various visits to ADX to ensure that ADX meets WFE Membership Criteria.
On this occasion, Mr. Rashed Al Baloushi, CEO of ADX, said:" we are very proud that ADX is the youngest exchange to receive the World Federation of Exchanges (WFE) full membership status. ADX employees and staff have been, and still are, great representatives of our young organization." Mr. Al Baloushi recapped: "Through our employees hard work, we have cultivated excellence and have earned recognition among the more "grown-up" stock markets This honor would not have been possible without the full support of the government of Abu Dhabi."
ADX CEO reiterated:" On behalf of all the employees of the ADX, I am honored to offer special greetings to His Highness Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi as His Excellency was, and still is, in charge of transforming Abu Dhabi into a global financial capital. We express gratitude to His Highness for his continuous support and for his interest in our progress and development. His support and interest in the diversification of the economy of Abu Dhabi supplied us with a strong incentive to achieve excellence. Through which, we will focus on ADX's goal of becoming a prominent financial institution in the region and perhaps in the world.
With its headquarters in Paris, France, The World Federation of Exchanges (WFE) acts as a central reference point for the securities industry, and for worldwide exchanges. They offer member guidance for member exchanges business strategies, and help in the improvement and harmonization of their management practices.
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