KASE team more than ever realizes that the world around is changing rapidly.
Kazakhstan Stock Exchange
The Federation of Euro-Asian Stock Exchanges
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.
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About Company
Established: November 17, 1993
Chairperson of the Management Board: Ms. Alina Aldambergen
Address: 8th floor, Northern tower of Multifunctional Complex Almaty Towers, 280 Baizakov Str., Almaty, 050040, Republic of Kazakhstan
Contact Name:
Email: [email protected]
Website: www.kase.kz
- Joined FEAS in 1997-
Alina Aldambergen
Chairperson of the
Management Board
FEAS Talks with Ms Aldambergen
"Despite tough restrictions linked to pandemic KASE has undertaken all steps to ensure uninterrupted functioning of the exchange and managed to complete projects on launch of two trading systems on securities and FX markets and CCP services."
Year in review
The year of 2020 has for sure not been an ordinary one. We were faced with new challenges and the need to respond to them instantly, ensuring the continuity of our services for customers and reliable market data for our country and the entire world.
Throughout the year, Kazakhstan Stock Exchange (KASE or Exchange) ensured uninterrupted availability of its systems for clients in strict accordance with the regulations, including in situations of increased market volatility and increased pressure on our systems.
KASE managed to strengthen business continuity procedures, upgraded IT systems and telecommunications, given that during the peak of quarantine measures, up to 80% of the Exchange employees worked remotely.
Moreover, restrictive factors did not prevent KASE from realizing a number of strategic goals and projects in 2020.
From August 3, 2020, KASE switched exchange trading in the stock market to the new trading andclearing system ASTS+. From November 30, 2020 the Exchange alsolaunched ASTS + in the forexmarket.KASEhas completed the introduction of the central counterparty services in all exchangemarkets for all financial instruments.The Exchange changed the procedure for calculating the main indicator of the money market TONIA fromDecember 28, 2020.
As part of the strategic cooperation the share of the Moscow Exchange (MOEX)in the capital of KASE under the partnership agreement increasedto 13.1%.
Market has changed. The trading volume in securities market grew up by 49%, trading in state securities increased by 2.6 times, both in initial placement and secondary trading. Retail participation increased volume of trading in stock market. Capitalization of the stock market increased by 10.6 % over the year. The volume of corporate debt traded on KASE increased by 21.2 %.
In 2020, securities of 14 new issuers underwent listing: three in the equity sector, nine in thecorporate bond sector (including three microfinance companies), and two in the investment fundssector.During 2020, more than 17 thousand new individual accounts were opened in the Central SecuritiesDepository.KASE launched a mobile application that allow access to information on the markets in one click. The Exchange also introduced a new Sustainable Development Policy.
Taking into account the growing interest in the stock market among retail investors, we will offer them a wide range of new services and instruments, and improve the convenience of trading. The financial market should be a funding source for Kazakhstan businesses, and we will continue to work in this direction.