a high-level delegation representing the new york stock exchange & the u.s. securities and exchange commission visited abu dhabi securities market (adsm)
Abu Dhabi Securities Market (ADSM) in coordination with Securities and Commodities Authority (SCA) hosted yesterday high-level delegation representing the New York Stock Exchange (NYSE) and the U.S. Securities & Exchange Commission (SEC), whom are currently visiting UAE.
Mr. Saif Sayah Al Mansouri, Manager of Finance & Management Affairs in ADSM, welcomed the visiting delegation in the presence of Mr. Ghannam Al Mazrouie Manager of Market Operation & Surveillance, Mr. Hamad Al Ali Manager of Clearing, Settlement & Depository, Mr. Saeed khouri Acting Manager of Market Awareness, in addition to other officials in ADSM.
During the meeting several matters were discussed to open channels for the exchange of expertise, as well as encouraging and facilitating co-operation between ADSM and NYSE & SEC. Also, they highlighted the most important topics in the economic arena where they discussed the mechanism of coordination and collaboration between both parties.
The visiting delegation was acknowledged of ADSM major developments and the mechanism of job rotation procedures applied through a tour in ADSM departments, where they have been given a detailed explanation about the nature of work in listed companies’ shares. The tour also included ADSM trading hall that shows the most modern techniques, in addition to the departments visit which gives sufficient clarification of the applied procedures as well rules and regulations in ADSM.
The visiting delegation expressed their appreciation of the development level shown by ADSM, through using the latest and most modern techniques and systems technology, as well as the procedures and mechanisms.
For his part, the visiting delegation gave a detailed presentation to the brokers registered in ADSM, where they highlighted the topics of ETF’s Vs. Mutual Funds, the Depository Receipts, and the Compliance. The aim of this presentation was to take advantage of their experience in this field.
