ADX Reduces Trading Fees by 50%, Extends Trading Hours

The Abu Dhabi Securities Exchange (ADX) announced that it will cut in half its trading commission and extend trading hours by one hour.

Trading fees will be reduced to 0.025 per cent from 0.05 per cent starting from September 1. In addition, the market will open at 10 am and close at 3 pm starting from 3rd October, in line with directions of the Securities and Commodities Authority (SCA) and in coordination with various stakeholders.

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According to the exchange, the latest move aims to boost liquidity in the market. Let's recall that, ADX has announced to reduce overall trading activity fees on all exchange transactions​ starting February 14 as part of its "ADX One" strategy to double the market capitalization of companies listed on the exchange in the next three years.

“We are very pleased to have been able to answer the call by our investors, issuers, and intermediaries for lower trading commissions and longer trading hours, reflecting increased demand to trade Abu Dhabi’s publicly listed companies. The ADX offers unique, high-growth investment opportunities within a strongly regulated, tax-free, and stable business environment and the extension of our opening will serve to attract increased international investment,” commented Mohamed Ali Al Shorafa Al Hammadi, Chairman of Abu Dhabi Securities Exchange.​