Kazakhstan Stock Exchange
Ms. Alina Aldambergen
Chairperson of the Management Board of Kazakhstan Stock Exchange (KASE)
Federation of Euro-Asian Stock Exchanges
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We are trying to make the stock market available for different counterparties.
Summing up the past 25 years, KASE has transformed itself from a currency exchange into a universal trading platform. Currently, the exchange combines four markets: a securities market, a foreign exchange market, a money market, and the futures market.
Within the framework of the 25th anniversary KASE launches “KASE talks” platform of monthly open lectures.
On April 9, 2018 Kazakhstan Stock Exchange announces about launching KASE Startup platform. KASE Startup is an Internet platform mainly aimed at establishing communications between startup companies and investors. Transactions as part of financing of startup companies by investors will be made both using KASE trade infrastructure and directly between the parties.
Since its foundation, KASE has been an integral part of the infrastructure of the financial market of Kazakhstan. KASE occupies an essential place in the real domestic economy. KASE forms and promotes the securities market as one of the sources of raising capital and increasing investments. As part of its new development strategy, KASE plans to modernise its software systems, launch a central counterparty in all exchange markets, expand clearing services, and introduce new financial instruments.
The primary strategic goal of the exchange is to create an affordable, high-quality and efficient mechanism for attracting financing by Kazakhstan companies on the domestic stock market, creating attractive conditions for local and international investors, and providing a full range of exchange services in compliance with international standards.
The phased modernisation of trading and clearing systems in the stock and money markets, and later in foreign exchange and derivatives markets, will allow KASE to introduce new trading tools and settlement cycles, as well as improve the reliability of KASE's IT infrastructure. It will also reduce operational risks and provide KASE with new opportunities for high-frequency trading.
Since November 17, 1993, KASE has made the way from currency exchange to universal exchange. Currently KASE is ranked as the second among the CIS exchanges in terms of the trading volume. With the development of the country and the financial system, the exchange combines four markets: a securities market, a foreign exchange market, a money market, and the derivatives market.
KASE Private Market
KASE launched KASE Private Market platform on June 15, 2018. The KASE Private Market platform is meant to provide small and medium-sized enterprises registered as limited liability partnerships with an alternative funding source. The mechanism of settling deals with LLPs stakes of ownership provides investors with the convenient and safe instrument for direct investments.
Access of brokers to the currency market
KASE provides access to trading in the KASE currency market for brokerage firms. The project on providing direct access to the exchange-based currency market to brokerage firms was initiated by KASE in 2016. In 2017, KASE jointly with the National Bank, Association of Financiers, second-tier banks and brokerage firms has developed various options for providing access. Relevant amendments on providing brokerage firms with the right to participate in trading in the exchange-based currency market became effective on April 22, 2018.