Tuesday December 8 2015

News Source: Global Exchanges

Focus: Trading Systems and Technology

Type: General

Country: Kazakhstan

Link:




Kazakhstan Stock Exchange (KASE) has announced that for purposes of improving the mechanism of rate fixing and making the trade participants have a more objective idea of parameters of the bid and ask on the exchange market for US dollar, as of December 15, 2015 the following changes are required to take place in trading system NEXT:

  1. The depth of display of trade participants in window “Quotations” will be restricted to the five best purchase quotations and five best sales quotations (top 5 quotations) of US dollars per tenge with any settlement terms.
  2. When trading on KASE in the US dollar for the tenge with any settlement terms, the surmountable limit of deviation of the US dollar price will be set as one percent of the value of the last deals` price.
  3. When trading on KASE in the US dollar for the tenge with any settlement terms, the minimum lot size will depend upon the extent of the deviation of the price of order submitted to the trading system from the last deals` price. 

The order will be checked by the trading system for compliance with the specified lot size at the moment of order acceptance.

Click on the link above for further details