KASE solemnly lays an alley to mark its 30th anniversary

May 4, 2023

Kazakhstan Stock Exchange is a multifunctional trading platform serving 4 exchange markets of the country: the stock, currency, money and derivatives markets

On May 4, 2023, Kazakhstan Stock Exchange JSC (hereinafter – KASE, the Exchange), in honor of its 30th anniversary, together with the Akimdik of the city of Astana and Earth Fund "Sustainable Development" held a solemn ceremony of laying the KASE alley in the Presidential Park of the capital of the Republic of Kazakhstan.

"This year, Kazakhstan Stock Exchange is celebrating its 30th anniversary. To mark our anniversary, and as part of our sustainable development policy and the promotion of environmentally friendly business standards, we would like to contribute to the development of our capital city Astana and plant 100 seedlings of Sakura, a beautiful long-lived and one of the oldest tree species. May the laying of the KASE alley become a symbol of well-being and prosperity of our capital, country and our national Stock Exchange," pointed out Alina Aldambergen, Chairperson of KASE's Management Board.

At the solemn ceremony of laying the KASE alley, the main speakers were also: Managing Director of KASE Yerkin Syzdykov, Head of the Investments and Entrepreneurship Department of the Akimdik of Astana Khalel Akimzhanov, Deputy Director of the Monetary Operations Department of the National Bank of the Republic of Kazakhstan Ivan Serdyuk, Chairperson of the Presidium of Earth Fund "Sustainable Development" Dinara Saduakassova.

Kazakhstan Stock Exchange is a multifunctional trading platform serving 4 exchange markets of the country: the stock, currency, money and derivatives markets.

The mission of the Exchange is to promote the growth of Kazakhstan's economy by creating a wide range of financial instruments to raise capital for domestic issuers, the effective operation of the platform for the redistribution of liquidity in the country's financial system and the provision of transparency and accessibility for local and foreign investors.

The Exchange adheres to high standards and corporate values, such as innovativeness, responsibility, openness and care about the future of our country.

Over the course of 30 years, from the day of the independence of the Republic of Kazakhstan, the country's exchange market has been continuously growing and developing. Successively, trading in government securities of the Ministry of Finance of the Republic of Kazakhstan, notes of the National Bank of the Republic of Kazakhstan, bonds of corporate issuers started, more than 10 IPOs were held.

Last year, the total volume of trading on KASE increased by 50 % having reached 261.6 trillion tenge. During the first 4 months of 2023, the total volume of trading on the Exchange showed an increase of 15% amounting to 98 trillion tenge.

For reference

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 fifth 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) and other international and local professional associations, as well as a participant of the UN's "Sustainable Stock Exchanges" initiative.

Additional information: +7 (727) 237 53 42, pr@kase.kz.

Source Link: https://kase.kz/files/press/en/04_05_2023_KASE_%D0%97%D0%B0%D0%BA%D0%BB%D0%B0%D0%B4%D0%BA%D0%B0_%D0%B0%D0%BB%D0%BB%D0%B5%D0%B8_%D0%90%D1%81%D1%82%D0%B0%D0%BD%D0%B0_eng.pdf

The list of QSE securities eligible for Margin Trading, Market Maker & LP activities

March 12, 2023. DOHA, Qatar.

Qatar Stock Exchange amends the list of securities eligible for the Margin Trading activity, Market Making activity and Liquidity Provision activity.

With reference to the Market Notice (025) dated 12/09/2022, Qatar Stock Exchange amends the list of securities eligible for the Margin Trading activity, Market Making activity and Liquidity Provision activity according to QSE indices semiannual review.

To view Market Notice click here

Source Link: https://www.qe.com.qa/displaynewsdetails?InfoID=36877

Beijing Stock Exchange Issues Rules for Implementing Market Making Transactions

January 19, 2023. BEIJING, China.

The relevant market-making trading model has rich practical experience in the international securities market.

On January 19, 2023 , Beijing Stock Exchange (hereinafter referred to as "CBEX") issued the "Beijing Stock Exchange Stock Market Making Transaction Business Rules" (hereinafter referred to as "Market Making Rules") and "Beijing Stock Exchange Stock Market Making Transactions" The "Guidelines for Market Making Business" (hereinafter referred to as the "Guidelines for Market Making") stipulates the procedures, rights and obligations, supervision and management of securities companies carrying out the stock market making business of the Beijing Stock Exchange. The "Market Making Rules" and "Market Making Guidelines" will come into effect on the date of promulgation.

CBEX market-making adopts a mixed trading system that implements simultaneous bidding and market-making in a single securities transaction. The relevant market-making trading model has rich practical experience in the international securities market. On the basis of bidding transactions, the CBEX introduces market makers to implement a mixed trading system, which helps to increase the depth of market orders, improve market stability, narrow market bid-ask spreads, reduce investor transaction costs, introduce incremental funds, and improve market liquidity , High-quality expansion of the service market.

In the early stage, CBEX publicly solicited opinions from the market on the "Market Making Rules" and "Market Making Guidelines". Judging from the feedback, all parties in the market actively supported the launch of the market-making system by CBEX, generally recognized the content of the rules, and actively offered advice and suggestions on business details. CBEX conducted in-depth analysis and extensive research on market opinions, and fully adopted reasonable opinions among them. The revised "Market Making Rules" consists of five chapters and 34 articles. The main contents include: First , clarify the application and termination of market making services. CBEX implements trading authorization management for market makers, and members who have obtained the qualifications for market-making trading business of listed securities can file for market-making for specific stocks after opening the market-making trading authorization. At the same time, sponsoring institutions are encouraged to provide market-making services for the stocks they sponsor. The second is to clarify the rights and obligations of market makers. Market makers should continue to provide the market with two-way quotations that meet the price difference and quantity requirements. CBEX will evaluate the development of the market-making business of market makers, and provide appropriate incentives to market makers who actively develop their business. The third is to clarify the supervision and management requirements of market makers. Market makers should establish a risk prevention and business isolation system and an abnormal transaction monitoring mechanism, and must not implement abnormal transaction behaviors to ensure that business is carried out in an orderly manner.

The revised "Market Making Guidelines" consists of nine chapters and 60 articles, mainly on the basis of the relevant provisions of the "Market Making Rules" on the procedures for market makers to carry out stock market-making transactions on the Beijing Stock Exchange and the requirements for the supervision and management of market makers And evaluation incentive mechanism arrangements, internal management requirements for market makers, etc. have been further refined.

During the early period of soliciting opinions on the rules, CBEX has organized various market participants to carry out technical system preparations and complete relevant tests. After the official release of the rules, CBEX will, under the unified leadership of the China Securities Regulatory Commission, further promote the completion of technological transformation by all market participants, and at the same time organize qualified members to carry out business preparations including authorization applications and stock filings, and make every effort to ensure that The business in the city was implemented smoothly. After all preparations are completed, CBEX will make another announcement to start market-making transactions.

Announcement on Issuing the "Detailed Business Rules for Stock Market Making Transactions of Beijing Stock Exchange"

Announcement on Issuing the "Guidelines for the Beijing Stock Exchange's Stock Market-Making Trading Business"

Source Link: https://www.bse.cn/important_news/200014769.html