Yearbook 2024
developing its subsidiary, KASE Clearing Centre, as the key infrastructure element. Over the course of the Strategy, trading volume across all markets increased by 2 times, reaching 830 billion USD by the end of 2024. The average daily trading volume over the past three years rose by 2 times, while the number of transactions increased by 3.2 times. The number of issuers on KASE increased by 14,9%, and the number of instruments grew by 26%.
From June 3, 2024, the KASE Clearing Centre has been fully engaged in clearing, settlement, and CCP functions across all KASE markets. It serves 42 clearing members across over 1,500 instruments. It has been assigned a Central Counterparty (CCP) public risk assessment of "A+" with a "positive" outlook by Thomas Murray, making a significant step forward for the country's financial infrastructure. It also has successfully passed an assessment for observation of the standards defined by the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI) by Thomas Murray. Its risk management methods were enhanced based on recommendations from Zeliade Systems.
A landmark achievement of 2024 was that KASE and the KASE Clearing Centre successfully passed an independent certification audit, obtaining ISO 9001:2015 and ISO/IEC 27001:2022 compliance certificates. These certifications confirm the Group’s adherence to international standards in quality management and information security, enhancing operational efficiency, risk management, and market participants' confidence.
In 2024, KASE has been included by the European Securities and Markets Authority (ESMA) in the list of trading platforms that meet the requirements for transparency of post-trade information in accordance with the requirements of MiFID II/ MiFIR. This recognition allows European investment firms to trade on KASE without the need for mandatory transaction reporting under MiFIR.
In 2024, KASE joined the Net Zero Financial Services Providers Alliance and launched ESG indices to support sustainable investment.
To conclude the year, the launch of the 2025-2027 Development Strategy aims to maintain the Group's leadership in Central Asia's exchange markets by broadening the range of exchange and clearing services, prioritizing customer needs, and enhancing the professionalism of the Group's team
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Special recognition is also given to Yelena Studenina, Deputy Chairperson and Vladimir Vassilyev, Managing Director of KASE Clearing Center JSC, for their significant contribution to these achievements.
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