Kazakhstan Stock Exchange Posted
On February 7, 2024, Kazakhstan Stock Exchange JSC (hereinafter – KASE, the Exchange) and its 100% subsidiary – KASE Clearing Centre JSC (hereinafter – the Clearing Centre) – conducted a meeting in Astana with clients – existing and potential issuers and members of the Exchange – in the format of a business breakfast “KASE Day in Astana”.
During the “KASE Day in Astana” representatives of Kazakhstan Stock Exchange told the audience about KASE’s performance in 2023, about the Exchange’s projects in progress, the introduction of innovations and new financial instruments, trends and prospects for the development of Kazakhstan’s stock market. They also provided an update on the main directions of KASE’s Development Strategy for 2024 and information about the development of ESG financing, plans for the launch and trading in tokenized assets on the KASE Digital platform, the development of the Market Data line, KASE’s information and analytical products, as well as the development of the KASE Global sector.
In addition, a presentation of activities of KASE Clearing Centre was made at “KASE Day in Astana”, which showed the Clearing Centre’s performance over the past year and plans for 2024. In particular, the speakers talked about the date when the Clearing Centre starts servicing the currency and derivatives markets, improving the risk model of the central counterparty and bringing its activities in accordance with the best industry practices.
The event featured the following speakers: Chairman of KASE’s Management Board Alina Aldambergen, Chairman of the Management Board of KASE Clearing Centre JSC Natalya Khoroshevskaya, Deputy Chairman of KASE’s Management Board Yermek Mazhekenov and Head of the Information Products Promotion Unit of KASE’s Information and Statistics Department Zhansaya Karabaeva.
The event was attended by representatives of government bodies, officials of the akimdik of the city of Astana, top executives of quasi-public sector companies, heads of large private companies, issuers, investors and professional market participants.
It should be noted that KASE and KASE Clearing Centre have received the status of systemically important infrastructure financial organizations, which means the value of sustainable activities of the Exchange and KASE Clearing Centre for the stable operation of Kazakhstan’s securities market. The Exchange and KASE Clearing Centre are the only organizations that arrange the trading in securities and other financial instruments, as well as clearing activities for transactions in financial instruments.
Business breakfast events have been conducted by the Exchange on a regular basis since 2017. Previously, “KASE Day” was held in the cities of Astana, Almaty, Shymkent, Aqtobe, Tashkent (Uzbekistan), Minsk (Belarus), Moscow (Russia) and London (UK).
Kazakhstan Stock Exchange (KASE) is a leading stock exchange in the Central Asian region. KASE occupies the second place among the CIS exchanges in terms of securities trading volume, and the fourth place in terms of the equity market capitalization among the FEAS exchanges.
It is a universal trading platform for corporate and government securities, bonds of international financial organizations, foreign currencies, transactions of the money market – repo and swap, as well as derivatives. KASE is a member of the World Federation of Exchanges (WFE), the Federation of Euro-Asian Stock Exchanges (FEAS), the International Association of Exchanges of the Commonwealth of Independent States (MAB CIS), the Global Association of Central Counterparties (CCP Global) and other international and local professional associations, as well as a participant of the UN’s Sustainable Stock Exchanges initiative.
KASE Clearing Centre JSC was created through the reorganization of a subsidiary of the Exchange – eTrade.kz LLP, and registered on June 21, 2022. The Clearing Centre was created in accordance with the line of the Exchange’s Development Strategy until 2024 “Development of the central counterparty as a key infrastructure element”.
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