Astana International Exchange (AIX) is pleased to confirm its readiness to launch its post-trade market services provided by Avenir Technology Limited (Avenir Technology).
Post-trading infrastructure is provided by Avenir Technology, a global supplier of post-trade solutions. The five-year deal covers both Central Security Depository (CSD) and Registry instances of the Avenir suite. AIX just finished the roll-out of the Production version of the Avenir applications. All ten AIX CSD Participants are connected to the Avenir platform, which also offers integrated SWIFT messaging capabilities. Extensive testing has been carried out, including three full loop dress rehearsals involving all market participants, as well as third party UAT conducted by Exactpro.
Tim Bennett, CEO of AIX, commented:
“The Astana International Exchange will be an efficient, globally supported exchange platform for both Kazakhstan and the neighbouring countries. To ensure safe and reliable post-trading infrastructure we needed a professional provider of sophisticated technologies that could be tailored to meet our requirements. We are glad that in partnership with an experienced supplier of technologies for exchanges we are ready to start operations on AIX.”
Avenir was founded in 2014, providing a range of financial market infrastructure solutions and operating with a growing number of clients located in both mature and emerging markets across the globe.
Martyn Bain, co-founder and director of Avenir, commented:
“Over the last four years, we have been working extensively in emerging markets across the globe to provide them with next generation financial market infrastructure solutions. We are delighted to have been awarded these contracts in Kazakhstan, adding to our existing portfolio of business.”