Kase And Moscow Exchange Sign Strategic Cooperation Agreement
Kazakhstan Stock Exchange
Posted: Wednesday, 10 Oct 2018
Kazakhstan Stock Exchange (KASE) and Moscow Exchange (MOEX) signed the Agreement on strategic cooperation.
The signing ceremony in Almaty was attended by the Chairman of the Management
Board of Kazakhstan's National Bank Daniyar Akishev, the Chairman of the
Management Board of Kazakhstan Stock Exchange (KASE) Alina Aldambergen and the
Chairman of the Management Board of Moscow Stock Exchange Aleksandr Afanassiev.
The agreement provides for acquisition by Moscow Exchange of up to 20 % share in
KASE's authorized capital within two stages by the end of 2019.
The main purposes of the cooperation between the two exchanges are provision to
trading participants and investors from Kazakhstan and Russia of mutual access
to both countries' markets; increasing the reliability of the infrastructure and
reducing market risks on account of development of the central counteragent
institute; utilization of the expertise and trading clearing technologies of
Moscow Exchange in order to improve the efficiency of KASE's markets, clearing,
risk management and development of new exchange instruments; promotion of KASE's
entrance of the public market and utilization of Moscow Exchange's experience
for conducting KASE's IPO.
Related Link: http://kase.kz/en/news/show/1384148/