Trading members

What is Tabadul?

Tabadul is a cross-border trading platform launched by the Abu Dhabi Securities Exchange (ADX), aimed at enhancing regional market connectivity and enabling investors to access investment opportunities across participating stock exchanges in the region. It acts as a bridge between markets, facilitating the seamless trading of listed securities across borders.

AIX's Role in Tabadul

In April 2024, Astana International Exchange (AIX) officially joined the Tabadul Hub, becoming one of the first exchanges in Central Asia to participate in this regional initiative. AIX's inclusion in Tabadul is a key milestone in promoting cross-border listings and increasing foreign investor access to Kazakhstan's capital markets.

Key Benefits for AIX Investors and Issuers

• No Fragmentation of liquidity: Tabadul gives ADX participating brokers direct access to trading of AIX securities and vice-versa.
• IPO participation: Tabadul enables ADX brokers and investors to subscribe directly to IPOs launched on AIX and vice-versa.
• Access to Regional Capital: Investors in Kazakhstan gain easier access to securities listed on other Tabadul-linked markets while UAE investors and, soon, Omani ones, gain direct access to ADX.
• Market Liquidity: Broader investor participation contributes to improved liquidity.
• Operational Efficiency: Tabadul offers a unified digital platform, reducing regulatory and operational friction for cross-border trades. In addition, the post-trade settlement scheme allows for enhanced netting.

Strategic Vision

AIX's participation in Tabadul reflects its long-term commitment to:

• Strengthening cooperation between regional capital markets
• Expanding global access for Kazakhstani issuers
• Attracting institutional and retail investors from the Middle East and beyond
• Supporting innovation in capital markets infrastructure

Tabadul Exchange Hub members

Accredited Brokers at Tabadul Exchange Hub

Do you already a member of Astana International Exchange?

Each exchange has its own fees, commissions, levies or taxes, which are imposed by the local rules and regulations. Trading activities over Tabadul are subject to the external exchange’s fee and tax structure. All of the fees, charges, levies and taxes are calculated and collected in the dedicated exchange’s currency. There is no additional fee for trading and onboarding via Tabadul. The fees, charges, levies and taxes of each exchange are announced in the regarding exchange’s website. The exchanges have rights to change the existing structure, and to add new fee, commission, levy and tax types.