2007 was a fruitful and successful year for the BSE since in that year our trading volume grew 4 times and reached US$ 6.5 billion for the first time in its history.
2007 was a fruitful and successful year for the Baku Stock Exchange (BSE). Since 2006 our trading volume grew 4 times and reached US$ 6.5 billion for the first time in the BSE s history against US$ 1.6 billion.
The BSE is developing from year to year. The exchange has recently completed the negotiations on the purchase of a new trading system. The exchange also continues the process of modernization of its internal rules and documents and this process will continue in 2008, too.
The BSE has almost completed negotiations regarding purchasing of a new trading-settlement system which is intended to be installed this year. The new trading system will create new opportunities for the local market participants and will introduce new financial instruments.
In 2007, the BSE also focused on development of foreign relations. The BSE sent staff to visit foreign exchanges. At the FEAS General Assembly held in Belgrade, Serbia, the BSE agreed with FEAS to hold the next Working Committee meeting in Baku.