KASE Introduced ASTS+ FX Market Trading and Clearing System as of November 30

Tuesday, 1 December 2020

Kazakhstan Stock Exchange JSC (KASE) has put into operation a new trading and clearing system (TCS) ASTS+ in the foreign exchange market, developed on the basis of the TCS of Moscow Exchange PJSC (MOEX).

The introduction of the new TCS in the foreign exchange market was carried out as part of implementation of the Agreement on strategic partnership with MOEX signed on October 10, 2018.

All trading modes that were previously used for trading foreign currencies on KASE are available in the new trading and clearing system. In addition, the foreign exchange market is open for negotiation transactions, which is analogous to the OTC market. Transactions concluded in different modes will be subject to the unified netting and risk management system of KASE as a Central Counterparty (CC) in the foreign exchange market.

The introduction of a new trading and clearing system improves the functionality of KASE as a trading organizer and Central Bank in the foreign exchange market.