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ADSM joins world federation of bourses
ABU DHABI - The Abu Dhabi Securities Market (ADSM) has joined the World Federation of Exchanges (WFE) as an observer.
A statement by the ADSM yesterday said the move would provide international experts in various global bourses the opportunity to tackle common issues and recommend solutions that would consolidate effectiveness of regular markets and develop programmes to ensure their safety as well as to hammer out harmonious standards for transactions in financial markets. Among other advantages of joining the WFE, the statement adds, are that it will monitor the performance of stock markets to ensure their conformity with the global financial order and that it will provide support for small scale and fledgling markets.
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