Projects and Achievements
Yearbook 2019
Launch of trading in ASTS+ trading and clearing system and introduction of CCP services on the stock market
The ASTS+ system developed on the basis of MOEX’s trading and clearing system has been introduced at the KASE stock market since December 3, 2019. On the same day, KASE began performing CCP functions for financial instruments that started being traded in the new system. Both events are stages of implementation of the Strategic Partnership Agreement between KASE and MOEX.
Modernization of existing information systems conducted by KASE contributes to improving the reliability of the exchange infrastructure, reducing operational risks, developing new trading regimes and instruments and implementing certified protocols for exchanging market information. As part of the introduction of CCP services on the stock market, KASE has developed risk management system that includes assessment of credit risks of trading participants and assessing market risks i.e. the exchange rate risks for financial instruments traded, as well as the instruments for managing such risks. The Exchange's performance of the CCP functions on the stock market will ensure that settlements for each transaction are completed and it will guarantee that the claims of trading participants related to exchange transactions would be satisfied.
Kazakhstan: Local Markets Development
The conference "Kazakhstan: Local Markets Development" organized by KASE jointly with the National Bank of Republic of Kazakhstan and Citi was held on December 5, 2019 in London. The purpose of the event was to inform foreign institutional investors about Kazakhstan stock market’s potential and about ways of obtaining access to it. The following topics were discussed as part of the event: Macroeconomic Review and Investment Opportunities of Kazakhstan and Instruments in Local Currency and Market Infrastructure Development. The conference speakers were representatives of KASE, the National Bank of Kazakhstan, Citibank N.A., the European Bank for Reconstruction and Development, Clearstream Banking S.A. and Amundi Asset Management. The speakers shared information with conference participants on macroeconomic situation in Kazakhstan and KASE markets, on the investment potential of the real sector of the economy, on the advantages of the stock market, money market and changes in Kazakhstan’s capital market infrastructure. The access to Kazakhstan's capital market for foreign participants was also addressed during discussions.
Investor Day at KASE
On October 4, 2019, the Exchange held the closing ceremony for trades dubbed "Ring the Bell for Financial Literacy" as part of the event "Investor Day at KASE" and the closing ceremony for the 2019 Competition Among Retail Investors. The Ring the Bell for Financial Literacy ceremony is an initiative of the World Federation of Exchanges within the framework of the IOSCO initiative (International Organization of Securities Commissions) called World Investor Week. The Ring the Bell for Financial Literacy event is designed to highlight the importance of improving financial literacy and making financial services accessible to all groups of the population.
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