Market Infrastructure

Investment exchanges, clearing houses, MTFs and OTFs

Reflecting a flexible, world-class regulatory framework and strong investment environment, Market Infrastructures are a vital part of the capital markets within ADGM, coming in the form of Recognised Investment Exchanges, Recognised Clearing Houses, Multilateral Trading Facilities (MTFs) and Organised Trading Facilities (OTFs).

ADGM fosters primary and secondary markets across its Market Infrastructures, ranging from the offering and listing of Securities (including Digital Securities) to having bespoke trading venues focused on commodity derivatives and Virtual Assets. For details on the regulatory treatment of Digital Securities, click here.

Within its capital markets, ADGM also allows Remote Bodies (exchanges and/or clearing houses) and Remote Members (broker/members) from non-ADGM jurisdictions to connect into ADGM-based brokers and Exchanges/Clearing houses respectively.

A person located in a jurisdiction other than ADGM requires FSRA authorisation as a Remote Member, under section 138A of Financial Services and Markets Regulations 2015 (FSMR), to participate on a recognised investment exchange or recognised clearing house located in ADGM.

Chapter 8 of the FSRA’s Market Infrastructure Rulebook (MIR), sets out the Rules applicable to Remote Members and should be referred to when completing the application form.

Once completed and signed, Applications can be submitted to the FSRA via email at MIP@adgm.com.

Financial services entities are required to meet specific resource requirements, either designated as Controlled Functions, which require approval by the FSRA, or as Recognised Functions, which are appointed by the entity itself and notified to the FSRA. For more information refer to Chapters 5.3 and 5.4 in the ADGM General Rulebook (GEN).

Entities that are either required or that want to have a physical presence, will find a wide range of Grade A office space on Al Maryah Island to choose from. ADGM team will advise regarding office requirements on a case by case basis.

Market Infrastructure is one of three areas focused on Capital Markets at ADGM. The other areas include Brokerage and Debt and Equity Capital Markets.

Why set up your Market Infrastructure business in ADGM

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Risk-based regulator

ADGM's business-friendly and risk-based regulator welcomes engagement and helps support ideas for growing your business.
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Supportive ecosystem

ADGM supports the development and expansion of financial services business models.
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Progressive ecosystem

ADGM prides itself on being a progressive regulator open to the use of new technologies and innovation.
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Tax efficient

ADGM is a tax friendly environment, with 0% direct tax and access to the UAE's extensive double tax treaties.
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Rule of law

A strong rule of law through the direct application of English common law, strong judiciary, speed of judgment facilitated by the world's first e-Courts, seat of arbitration, and a strong system of enforceability of judgments.

Other Capital Markets solutions

Brokerage

ADGM's best in class regulatory framework, diverse range of product offerings, and connectivity with world markets makes it the destination for brokerage in the MENA region. Our capital market benefits from a world class listing authority, a framework that places investor protection at the forefront, and a wide range of market infrastructures that include Recognised Investment Exchanges, Multilateral Trading Facilities and Organised Trading Facilities.

ADGM's best in class regulatory framework, diverse range of product offerings, and connectivity with world markets makes it the destination for brokerage in the MENA region. Our capital market benefits from a world class listing authority, a framework that places investor protection at the forefront, and a wide range of market infrastructures that include Recognised Investment Exchanges, Multilateral Trading Facilities and Organised Trading Facilities.

If you have questions or need any assistance, we're here to help.
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