Abu Dhabi Exchange and Verto Launch POSIT Network
Verto Financial, an American company, in collaboration with the Abu Dhabi Securities Exchange, announced the launch of the "POSIT" notification exchange network for executing large stock trades. The new system aims to improve the electronic handling of negotiable and large transactions, offering greater flexibility for investment institutions and ensuring the safety of the price discovery process. Abu Dhabi Depository will handle the settlement of all trades within two business days after trading (T+2), to enhance the attractiveness of the Abu Dhabi stock market and attract global institutional investors, supported by advanced technological solutions for the Middle East and North Africa region.
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