FEAS Yearbook FEAS Yearbook 2008 | Page 13

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
BAKU STOCK EXCHANGE
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.47
0.83
8.88
4.72
34.81
25.75
75.46 0.12
0.08
0.89
0.47
2.49
2.58
1.10 0.16
0.15
14.65
0.85
7.68
20.81
44.30 0.04
0.01
1.46
0.09
0.55
2.08
0.71
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 342.10
49.72
259.42
398.28
249.90
172.08
1471.50 19.01
3.11
17.29
18.97
12.49
9.06
13.32 1.44
0.20
1.09
1.67
1.04
0.70
6.14 0.08
0.01
0.07
0.08
0.05
0.04
0.06
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 382.70
5.16
341.74
512.68
459.34
500.02
2201.64 20.14
0.25
22.78
23.30
22.97
26.32
115.76 0.00
0.02
1.72
2.14
1.91
2.05
7.84 0.00
0.00
0.11
0.10
0.10
0.11
0.42
Market Capitalization (US$ millions)
Index
Jan-08
n/a
n/a
Feb-08
n/a
n/a
Mar-08
n/a
n/a
Apr-08
n/a
n/a
May-08
n/a
n/a
Jun-08
n/a
n/a
PRACTICES & PROCEDURES
Trading
Days
Hours
Monday-Friday
Pre-opening 09:15 -11:00
First & second markets 11:00 -15:00
Market segmentation
First and second markets
System
Data dissemination, reporting facilities
Mechanisms
Primary market, continuous auction
Market-maker/Specialists No
Instruments
State bonds, corporate stock, US$ futures,
repurchase agreements
Currency
Local
Real time information
Last price, last volume, total volume
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Yes, National Depository Center
T+0 - 15:00 -16:45
Yes
Book entry
Netting
Yes, full DVP
Yes, wholly owned
No
No
BSE depository, National Depository Center,
depository of "Partner Investment " firm
Taxes
Cash Dividends
Interest Income
Capital Gains 10%
10%
N/A
Structure & Regulations
Legal
Regulation
Securities market
regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection Closed joint stock company
Self
State Committee for Securities
(SCS)
Shared regulatory responsibility
Yes, electronic
Independent agents
Yes
No
Foreign Participation
Foreign investors
Investment limitations
Repatriation No restrictions
No limitations
No restrictions
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