Emirates NBD has received approval to become the first General Clearing Member (GCM) for UAE equity markets through the Abu Dhabi Securities Exchange (ADX). This new status enables the bank to offer a range of clearing services, tools, products, and credit facilities to trading members across the country.
The GCM status is expected to help reduce operational complexities and improve cost efficiencies in the clearing process for trading members. It also increases clearing capacity and broadens investment options as the UAE’s equity market continues to grow.
Hessa Al Mulla, General Manager at Emirates NBD Securities, said: “It is a pivotal moment for Emirates NBD to become first General Clearing Member through ADX. This milestone positions us at the forefront of market innovation at a time when the UAE equity market has been attracting substantial and growing investor interest. Our new ADX general clearing membership will open up this opportunity to Emirates NBD’s global network of clients. We are now uniquely equipped to provide trading members with unmatched access, fueling the growth and stability of the UAE capital market.”
Abdulla Salem Alnuaimi, Group Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), stated: “We are delighted to welcome Emirates NBD Securities as the first General Clearing Member (GCM) on ADX. A key milestone that strengthens our post-trade infrastructure and improves access for investors. This step supports our ongoing efforts to enhance market efficiency, broaden participation and aligns with international best practices. It also reflects Abu Dhabi’s growing role as a global financial centre and reinforces ADX’s position as a dynamic marketplace connecting regional and international capital with a wide range of investment opportunities.”
By achieving GCM status via ADX, Emirates NBD aims to further its leadership in providing end-to-end trading solutions for both individual and corporate investors.
