|Address||55/19 Mangilik El st., block C 3.4. Nur-Sultan|
|Telephone||+7(717) 223 53 66|
|Contact Person|| Zharas Mussabekov|
+7 (7172) 95 53 85
|FEAS Membership Status||Full Member: Joined FEAS in 2018|
Astana International Exchange (AIX) was established in 2017 as part of the Astana International Financial Centre, AIFC. AIX’s mission is to develop the public equity and debt capital markets in Kazakhstan and Central Asian region.
AIX operates in AIFC regulatory environment, a constitutionally separate jurisdiction within Kazakhstan, which is based on English common law principles. AIX is regulated by the Astana Financial Services Authority, an independent regulator established within the AIFC.
AIX operates an industry standard trading system with T+2 settlement through an ecosystem of over 20 local and international trading members.
AIX shareholders are: AIFC, GoldmanSachs, Shanghai Stock Exchange, Silk Road Fund and NASDAQ which provides AIX trading platform.
|Regulator||Astana Financaial Services Authority|
|Instrument List||Equity / Debt / ETF / ETN|
|Trading Hours/Sessions||Pre-Auction/ Pre-Open||11:00 – 11:30 (12:00 – 12:30 for some instruments)|
|Open / Continuous Trading||11:30 – 16:45 (12:30 – 16:45 for some instruments)|
|Closing Auction/ Pre-Close||16:45 – 17:00|
|Trading at last||17:00 – 17:05|
|Order Types||Limit Order / Market Price Order/ Day Order / GTC / GTD / GTT / Iceberg Orders / Immediate Orders (Standard Market Order / Fill-and-Kill /Fill-or-Kill)|
|Spreads||10% daily price limit for traded instruments:|
• debt market segment: 5%
• equity market segment (including ETN / ETF): 10%
Due to the market conditions, it can be adjusted with an approval of AIX Regulation Department or AIX Management Committee.
|Margin Buying/Short Selling||Margin buying is allowed for Authorized Participants/ Short selling is not allowed (except for Market-Makers with a valid securities lending agreement)|
|Settlement Types||BIS Model 2|
|Settlement Currency||Kazakhstani Tenge/ US Dollar / Euro|
|Clearing/Netting||No CCP clearing / net settlement for money & gross settlement for securities at AIX CSD|
|Cross-border Links||Exist (ICSD, depository links)|
|Anti-money laundering Requirements||(a) the Law of the Republic of Kazakhstan No 191-IV dated 28 August 2009 On Counteracting Legalization (laundering) of Proceeds obtained through Criminal Means and Financing of Terrorism;|
(b) AIFC Anti-money Laundering, Counter-terrorist Financing and Sanction Rules set out the requirements for the policies, procedures, systems and controls to be met by all Relevant Persons established in the AIFC; (c) International standards concerning Anti-Money Laundering, such as the International Organization of Securities Commissions (“IOSCO”) principles and the Financial Action Task Force (“FATF”) principles;
|IOSCO Membership||Yes (ordinary member)|
|Days||Monday / Tuesday / Wednesday / Thursday / Friday /|