Astana International Exchange appoints SGSS Russia (Rosbank) as custodian

Astana International Exchange (AIX) is pleased to announce that trading in “Kazatomprom” shares and GDRs, the debut IPO of AIFC, has commenced on AIX with the post-trade settlement on the books of AIX CSD and Societe Generale Securities Services, Russia (Rosbank).

During the period from 14th to 23rd of November 2018, Astana International Exchange Central Securities Depository (AIX CSD) successfully settled 1,253 trades in common shares totaling KZT 1.3bn and 32 trades in GDRs totaling US$250,455.

SGSS Russia acted as a custodian for both GDRs and underlying shares traded on AIX providing the link to Euroclear and Kazakhstan Central Securities Depository (KACD) for AIX CSD.

Tim Bennett, CEO of AIX, commented:

“Cooperation with SGSS Russia (Rosbank) is extremely important for our operating activities, as it ensures flawless work of AIX post-trading system for all types of securities, linking Euroclear, one of the largest providers of financial market infrastructure in the world, and Kazakhstan Central Security Depository. This plays a key part in creating global connectivity of AIX with the leading custodian banks.”

Mikhail Bratanov, Regional Head of SGSS in Russia & CIS, commented:

“SGSS Russia (Rosbank) was the first Russian custodian to establish a link to Kazakh financial market more than 10 years ago. We are proud to be a partner in the launch of Astana International Exchange. We believe that our expertise and capacity in the custodial service contributes to make AIX’s post-trading infrastructure easy, safe and in accordance with best market practices.”