Latest news with #ChimeraiBoxxUSTreasuryBillETF
Gulf Today
25-02-2025
- Business
- Gulf Today
‘The New ADX Group' to enhance Abu Dhabi's investment landscape
The Abu Dhabi Securities Exchange (ADX) launched 'the New ADX Group' market infrastructure and two new subsidiaries, Abu Dhabi Clear (AD Clear) and Abu Dhabi Central Securities Depository (AD CSD). This milestone aligns with Abu Dhabi's long-term economic vision and augments ADX's efforts towards being a developed market. ADX announced its new market infrastructure at a celebrative event with more than 500 regional and global industry participants in Abu Dhabi on Monday. The ADX Group's (The Group) achievement is a testament of its commitment towards deepening its capital market, attracting more investments into the UAE, and strengthening Abu Dhabi's position as an international financial centre and premier investment hub. Ghannam Al Mazrouei, Chairman of the ADX Group, said, 'With the launch of ADX Group, we are not just building a financial marketplace; we are shaping the future of investment in Abu Dhabi and contributing to long-term economic development of the UAE and in the region. More regional and global investors will benefit from seamless access to the ADX platform to unlock opportunities for expansion in the emirate's thriving sectors and industries. The ADX Group will continue to innovate to ensure a robust and reliable international marketplace to raise capital, facilitate greater investment flow, and uphold financial resilience and stability.' Abdulla Salem Al Nuaimi, Group Chief Executive Officer of ADX, added, 'The ADX Group is leading the way in using new technology to expand and strengthen Abu Dhabi's investment landscape. Our enhanced trading system aims to increase resilience and performance by 400 per cent, reinforcing the emirate's position as a global financial hub. We express our sincere appreciation to our trading and clearing members, custodians, banks, and industry partners for their invaluable support and collaboration in achieving the transformation and success.' Meanwhile the Abu Dhabi Securities Exchange (ADX) has reported a strong start to 2025, with daily trading volumes rising by over 27.5 per cent compared to the same period last year, according to Abdulla Salem Al Nuaimi, CEO of ADX. Al Nuaimi also highlighted a more than 30 per cent increase in the number of investors since the beginning of the year, indicating growing confidence and interest in the market. In statements to the Emirates News Agency (WAM), Al Nuaimi said, 'We have the most active ETF market in the region and the most active derivatives market in the region, which saw a significant 150 per cent increase last year.' The CEO added that two listings have taken place this year, including the Chimera iBoxx US Treasury Bill ETF, which was listed on 20th February, and a public joint-stock company expected to list next month. He anticipates further listings in the first half of 2025. As part of efforts to strengthen market infrastructure and enhance trading efficiency, ADX unveiled the 'New ADX Group' on Monday, which includes two new companies: Abu Dhabi Clear (AD Clear) and Abu Dhabi Depository (AD CSD). The ADX Group's new business model aims to transform and future-proof its thriving capital market. The Group, empowered by new post-trade capabilities and services, a state-of-the-art trading system, and new clearing and settlement platforms aims to unlock more investment opportunities and deepen market liquidity by providing investors and industry participants with greater and faster access to market activities and growth sectors in Abu Dhabi. These advancements will enable the ADX Group to introduce more diverse product offerings and services to address the evolving needs of institutional and retail investors, issuers and businesses in the UAE and wider Middle East region. At the heart of this transformation is a strategic technology partnership with Nasdaq to deliver a Core Platform Upgrade (CPU), which introduces advanced capabilities across trading, clearing, and post-trade services. All enhancements further boost ADX's operational readiness, attract new types of new market participants, and increase trading activities. Key features include:• A key element of the CPU modernises the trading infrastructure and integrates multiple asset classes (equities, ETFs, debt instruments, and derivatives) into a single, high-performance platform. Optimisation for high-frequency trading and algorithmic strategies, offering faster execution of trades and deeper market liquidity. New order types and negotiated deal features for greater trading flexibility and efficiency, enabling more sophisticated trading strategies. Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, added: 'We are excited about the opportunity to partner with ADX and help deliver this forward-thinking vision for its marketplace. Capital markets are already an integral part of the global economy, but by modernising the infrastructure that powers it we can remove barriers to wider participation and help local and national economies thrive.
Zawya
20-02-2025
- Business
- Zawya
Abu Dhabi Securities Exchange welcomes the listing of Chimera iBoxx US Treasury Bill ETF
First ETF of its kind in the region ADX's 16th ETF listing and first of 2025 Abu Dhabi, United Arab Emirates: The Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the listing of Chimera iBoxx US Treasury Bill, a newly launched exchange-traded fund (ETF) managed by Lunate Capital. The fund marks the first ETF listing on ADX in 2025, further expanding the exchanges' diverse portfolio of investments offerings by providing investors with access to global fixed-income assets. The Chimera iBoxx US Treasury Bill ETF provides investors with exposure to USD-denominated Treasury bills issued by the US government. The ETF will track the performance of the iBoxx USD Treasury Bills Mid Price Index, offering a passive investment strategy that allows investors to access high-quality, liquid, and cost-efficient US government debt securities. It offers investors unique access to the world's largest economy without the need to purchase individual securities, while also providing a quarterly distribution of dividends. The introduction of the Chimera iBoxx US Treasury Bill ETF enhances market liquidity and offers a low-risk, income-generating investment option that aligns with global best practices. It further aligns with ADX's strategy to broaden its suite of investments products, providing investors with access to global markets through efficient and innovative financial instruments. Sherif Salem, Partner & Head of Public Markets at Lunate, said: ' We are delighted to list the Chimera iBoxx US Treasury Bill ETF on the ADX today, offering UAE investors a single point of entry to a portfolio of US Treasury bills. This ETF provides access to the world's largest economy and one of the safest securities markets globally. With this addition, our suite of ETFs on ADX now stands at sixteen, reinforcing our confidence in the UAE's financial markets and our commitment to delivering innovative and customised investment solutions.' Commenting on the listing, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: 'The listing of Chimera iBoxx US Treasury Bill ETF provides a strategic platform for more investors to access the US market via the U.S. Treasury bills. ADX offers a comprehensive range of 16 listed ETFs covering 10 developed and emerging markets. ADX listed ETFs have grown by more than 180% in trading value and went up 94% in asset under management since the ETF platform was launched. We will continue to work closely with Lunate to introduce innovative products that cater to the growing needs of our investors and contribute towards ADX's role as a strategic investment gateway and Abu Dhabi's position as a global financial centre.' During the Initial Offering Period, investors were able to subscribe to the ETF through authorized participants, including International Securities LLC, Arqaam Securities LLC, EFG Hermes UAE LLC, BHM Capital Financial Services PrJSC, Daman Securities LLC, and First Abu Dhabi Bank Securities. Following its listing on the 20 February 2025, the ETF will be available for trading on ADX for all investors, with real-time pricing and liquidity updates throughout market hours. This listing reflects ADX's dedication to catering to the evolving needs of both retail and institutional investors, ensuring they have access to cost-effective, transparent, and tradable fixed-income solutions. -Ends- About Abu Dhabi Securities Exchange Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm. For more information, please contact: ADX Abdulrahman Saleh ALKhateeb Manager of Corporate Communication Email: ALKhateebA@
Zawya
10-02-2025
- Business
- Zawya
Lunate expands public markets offering with launch of Chimera iBoxx US Treasury Bill ETF
RELATED TOPICS EQUITIES RELATED COMPANIES Chimera Capital Daman Securities FAB Securities BHM Capital ADX EFG Holding Arqaam Securitie Lunate Holding Intl Securities S&P DOW JONES INDICES The ETF will be listed on the Abu Dhabi Securities Exchange Abu Dhabi: Lunate Capital LLC ('Lunate'), an Abu Dhabi-based global investment management firm regulated by the Securities & Commodities Authority (SCA), and a subsidiary of Lunate Holding RSC Limited, announced the launch of the Chimera iBoxx US Treasury Bill ETF (Bloomberg: USTBILL). The exchange traded fund ('ETF' or the 'Fund') is scheduled to list on the Abu Dhabi Securities Exchange ('ADX') on 20 February. The Chimera iBoxx US Treasury Bill ETF will track the iBoxx USD Treasury Bills Mid Price Index which is designed to reflect the performance of USD-denominated US Treasury bills. These short-term debt securities are issued by the US Government and are generally considered among the safest investments globally, due to their backing by the US Government. The ETF offers UAE-based investors unique access to the world's largest economy through a portfolio of US Treasury bills, without the need to purchase individual securities while also providing a quarterly distribution of dividends. Investors can subscribe through their brokerage accounts. Sherif Salem, Partner & Head of Public Markets at Lunate, said: 'The Chimera iBoxx US Treasury Bill ETF is a valuable addition to our expanding lineup of investment products and solutions, designed to enhance investor access to global markets and diversified asset classes. With exposure to 10 developed and emerging markets and a suite of three fixed-income ETFs, we continue to provide investors with innovative solutions that cater to different investment objectives. This ETF leverages the strength of the US economy, giving UAE investors access to one of the world's most secure asset classes. With this launch, our ETF lineup on UAE stock exchanges grows to eighteen, providing investors with greater flexibility and return potential.' Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: 'We are pleased to welcome the Chimera iBoxx US Treasury Bill ETF to Abu Dhabi Securities Exchange. As the first of its kind in the region and the 16th ETF listed on ADX, this fund will further expand the range of investment opportunities available to our investors and cement ADX's position as the top regional ETF exchange. As our strategic partner, Lunate Capital continues to play a pivotal role in developing the regional ETF market, and this new fund offers a simple, transparent, cost-effective and convenient access the U.S. Treasury bill market. At ADX, we remain focused on deepening the market, increasing liquidity and developing innovative financial products that cater to the evolving needs of regional and global investors, reinforcing Abu Dhabi's position as a leading global financial hub.' Hani Kablawi, Head of International at BNY, said: 'In collaboration with Lunate Capital, BNY is delighted to provide custody services for its new Chimera iBoxx US Treasury Bill ETF.' Jennifer Schnabl, Head of Fixed Income Indices at S&P Dow Jones Indices, commented: "S&P Dow Jones Indices is pleased to continue our collaboration with Lunate by licensing this index for use with the launch of their new exchange-traded fund. The index serves as a valuable tool for measuring the performance of US dollar-denominated Treasury bills and represents a significant addition to supporting innovative investment solutions that enhance investor access to global markets.' The ETF will be managed by Lunate Capital LLC, which is licensed by the SCA as a management company. BNY will act as the ETFs' global custodian. Authorized Participants for the Fund are International Securities, EFG-Hermes, Arqaam Securities, FAB Securities, Daman Securities, and BHM Capital. iBoxx is a family of fixed-income indices developed and maintained by S&P Dow Jones Indices (S&P DJI).
