Launch of the repurchase agreement (repo) market on Astana International Exchange
Astana International Exchange (“AIX”) is pleased to announce the launch of the repurchase agreement (repo) market on AIX. Market participants can now trade and conduct repo transactions in USD-denominated equities. The repo market is initially available in equities of Kaspi, Kazatomprom and Halyk Bank for durations ranging from overnight to 4 weeks.
Olivier Gueris, Chief Operations Officer of AIX, on the repo initiative:
«This launch offers greater opportunities for local retail investors and trading members and opens our capital market to a wider number of market players, increasing the overall liquidity and transparency on the AIX. AIX is committed to meeting our retail customers’ demand and the creation of repo market will facilitate its continued development and growth”.
The repo market segment may be accessed via a dedicated Repo Webtrader front-end or FIX order management systems. The AIX CSD will carry out the settlement of repo trades.
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative.
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus.
