(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 26. Kazakhstan's
Stock Exchange is open for brokers from Azerbaijan, Chairman of the
Board of Administration of AIFC Temirlan Mukhanbetzhanov told
reporters, Trend reports.
He spoke at the FinTech-forum in Baku.
"Astana International Financial Center (AIFC) established a
separate stock exchange, Astana International Exchange (AIX),"
Mukhanbetzhanov said.
He noted that the co-shareholders are the Shanghai Stock
Exchange, the Silk Road Fund, and the NASDAQ exchange, which
provides the AIX trading platform.
"In this regard, I would also like to address Azerbaijani
brokers. We have the possibility of remote access to the exchange
infrastructure. With a broker license in Azerbaijan, it is possible
to connect to our infrastructure and, accordingly, open access to
Kazakh securities for the Azerbaijani market. I think this step
will be very effective as the privatization program is slowly
beginning," he said.
As Mukhanbetzhanov noted, the IPO of KazMunayGas (the national
oil and gas company of Kazakhstan) was held last year.
"About 3 percent of shares were placed on the local market. On
the local market, there was no double listing. This gave a very
good push to retail investing. It's been about a year, and the
stock has grown quite well, meaning people have made money on it.
Therefore, such processes, I think, will be interesting to the
Azerbaijani market, and we are ready to cooperate in this way,"
Temirlan Mukhanbetzhanov added.
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