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.
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 active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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