Today, on 5th of April 2017 during the Exchange Forum 2017 organized by Moscow Exchange, the Governor of the Astana International Financial Centre (AIFC) Kairat Kelimbetov and the Chief Executive Officer of Moscow Exchange (MOEX) Alexander Afanasiev signed a Memorandum of Understanding between the AIFC and MOEX.
The Memorandum presupposes the cooperation between AIFC and MOEX on fostering a financial instruments market capable of gaining the highest confidence of international investors, the development and sharing best practice and knowledge in the field of capital markets.
During the signing ceremony Mr. Alexander Afanasiev pointed out, that the signed Memorandum gives new opportunities for the further cooperation between Kazakhstan and Russia in financial sector.
According to the AIFC Governor Kairat Kelimbetov, the AIFC is interested in MOEX successful experience in the field of infrastructural transformation. Kelimbetov informed about current stage of the AIX (Astana International Exchange) creation and the most attractive companies of the JSC SWF Samruk-Kazyna will be listed on the AIX.
The Parties noted that the signed Memorandum will allow exchange of experience and information in the field of exchange financial instruments and will accompany further integration within the framework of the Eurasian Economic Union.
AIFC. In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev signed the Constitutional law “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to form a leading international centre of financial services. For the first time in the post-Soviet region, Common law framework will be introduced in the AIFC. English shall be the official language of the AIFC.
The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in the financial services, develop local capital markets, ensuring their integration with the international capital markets, and develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan.
MOEX manages Russia's main exchange platform for equities, bonds, derivatives, currencies, money market instruments and commodities. The Group includes Russia's central securities depository (National Settlement Depository) and a clearing centre (Bank "National Clearing Centre") that performs the functions of central counterparty on all markets, allowing Moscow Exchange to offer its customers the full spectrum of trading and post-trade services.
Moscow Exchange ranks among the world's top 25 exchanges by total volume of equities traded, and among the three largest exchange platforms for bond trading and for derivative trading. As of 1 March 2017 securities of 692 issuers were admitted to trading on Moscow Exchange’s Equities & Bonds Market.
Moscow Exchange was formed in December 2011 from the merger of Russia's two main exchange groups – MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia; and RTS Group, the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes. Moscow Exchange held an initial public offering in February 2013 and trades under the ticker symbol MOEX.