Virtu Financial, Abu Dhabi Securities Exchange launch POSIT block-trading network for ADX-listed equities
VIRT•Virtu and ADX launch POSIT block-trading network
Virtu Financial partnered with Abu Dhabi Securities Exchange to launch the POSIT block-trading indications network for ADX-listed equities.
First electronic block trades were executed via ADX’s upgraded Negotiated Block Trade facility, aiming to source institutional block liquidity with reduced market impact.
Trades settle T+2 through the Abu Dhabi Central Securities Depository, matching the settlement cycle for standard ADX transactions.
Arqaam Capital provides connectivity, brokerage, and post-trade services for firms that are not direct ADX members.
The move marks the first phase of extending POSIT block-trading indications to MENA equity securities.
