Wednesday April 11 2018
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
On 10th April 2018, Moscow Exchange (MOEX) has committed to strategic cooperation with the Kazakhstan Stock Exchange (KASE).
The co-operation agreement is designed to develop the Eurasian economic space and establish a unified financial market across the Eurasian Economic Union.
Cooperation between the exchanges intends to facilitate mutual access to their respective markets for professional market participants and investors; contribute to building out a central counterparty infrastructure on Kazakhstan’s markets; deliver MOEX’s trading and clearing IT solutions to KASE’s markets; and provide consultations on how to improve on-exchange trading, clearing and risk management processes, as well as create new exchange-traded instruments.
Under the agreement, MOEX may in future acquire an interest in KASE.
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