Bloomberg integrates ADX derivatives data into terminal

Abu Dhabi Securities Exchange (ADX) Group on Tuesday announced the expanded strategic collaboration with Bloomberg with the addition of its derivatives offerings and market data.

“We are pleased to support ADX in expanding access to its derivatives market through the Bloomberg Terminal,” said Josh Steiner, board member and senior advisor at Bloomberg.

“This integration provides institutional investors with the data and access to identify opportunities within the region’s fast-growing derivatives ecosystem.”

Bloomberg has onboarded the ADX’s suite of derivatives data, spanning 11 contracts such as the FADX15 index futures and single stock futures. The FADX15 index futures tracks the performance of some of the most liquid and among the largest companies listed on the ADX Main Market.

ADX said the move expands global investor access to these contracts, providing more than 350,000 financial professionals using the terminal – including hedge funds, asset managers and brokers – with real-time visibility to its derivatives market and key listed companies in the UAE.

“Through our partnership, we aim to expand Abu Dhabi’s market depth, strengthen our ecosystem of liquidity providers and market makers, and offer global market participants greater access to the emirate’s investment story and opportunities,” said Abdulla Salem Alnuaimi, chief executive at ADX Group.

This comes after HSBC joined ADX Group as a new general clearing member in May to support post-trade clearing and settlement through the exchange.

Morgan Stanley joined the exchange as the first international investment bank remote trading member earlier this month.

The strategic partnership builds on Bloomberg’s integration of derivatives data from global exchanges into its terminal.

In March, Bloomberg agreed to incorporate Euronext’s spot foreign exchange (FX) and precious metals transactions into its offerings, as part of a broader strategy to expand the liquidity sources supporting its key benchmarks.

Bloomberg announced an agreement with CME Group in July to include EBS Market's spot FX transactions in its BFIX offering.