Virtu Financial and ADX Launch POSIT Block-Trading Network in Abu Dhabi

Quick Summary

Virtu Financial and the Abu Dhabi Securities Exchange (ADX) have launched the POSIT block-trading indications network for ADX-listed equities. This initiative allows institutional investors to execute large-scale transactions with minimal market impact, leveraging ADX’s enhanced Negotiated Block Trade facility and Virtu’s global liquidity network for superior execution.

How Does POSIT Block-Trading Benefit Institutional Investors on ADX?

The introduction of POSIT block-trading provides a sophisticated mechanism for sourcing block liquidity with minimal information leakage. By utilizing the upgraded Negotiated Block Trade facility, institutional asset managers can now execute large-scale equity transactions on-platform with greater flexibility. This integration ensures that high-volume trades do not disrupt the public order book, maintaining price integrity while offering deep liquidity.

• T+2 settlement cycle consistent with standard ADX trades.
• Direct electronic execution for block trades via the POSIT system.
• Minimal market impact for institutional-sized orders.

"Abu Dhabi's capital markets are evolving rapidly, and that welcoming POSIT technology gives institutions seeking large trades direct access to new liquidity opportunities," said Abdulla Salem Alnuaimi, Group Chief Executive Officer of the ADX Group.

What Role Does Arqaam Capital Play in This Partnership?

For institutional firms that do not hold direct membership with the Abu Dhabi Securities Exchange, Arqaam Capital serves as the essential bridge. As Virtu’s regional partner, Arqaam provides the necessary connectivity, brokerage, and post-trade services required to access the POSIT block-trading network. This partnership ensures that global institutional investors can seamlessly participate in the Abu Dhabi market regardless of their local membership status.

"The launch reflects the firm's commitment to advancing the region's electronic trading ecosystem and providing institutional investors with world-class trading solutions," said Sumeet Akewar, Head of Electronic Trading at Arqaam Capital.

How Does This Launch Impact the MENA Equity Market?

This launch represents the first phase of POSIT expansion into the Middle East and North Africa (MENA) region. By establishing a foothold in Abu Dhabi, Virtu Financial is enhancing the accessibility of regional equities to a global audience. The move strengthens the electronic trading ecosystem in the UAE, positioning ADX as a competitive hub for international capital and sophisticated trading technology.

"Extending POSIT to ADX-listed securities further enhances the appeal and accessibility of Abu Dhabi's equity capital markets to institutional investors globally," said Rob Boardman, CEO of Virtu Execution Services EMEA.

FF NEWS TAKE:

The arrival of POSIT block-trading in Abu Dhabi is a definitive signal that the MENA region is ready for institutional prime-time. By bridging the gap between local infrastructure and global liquidity standards, ADX is effectively removing the friction that often deters large-scale asset managers. This partnership significantly moves the needle for regional market maturity, proving that Abu Dhabi is no longer just a regional player but a serious contender on the global capital markets stage.