Commodity exchange activities will be formed and developed at the AIFC

The Astana International Financial Centre Authority (AIFCA), the ETS commodity exchange, and the Stock Holding company, the main shareholder of the commodity exchange, agreed on cooperation.

The parties signed a Memorandum in connection with the need to combine efforts to form and develop an exchange commodity market on the Astana International Financial Centre.

As part of the upcoming work, a working group was created on the AIFC, which included representatives of stakeholders and independent experts.

The feasibility and readiness of bringing certain goods to the exchange commodity market, analytical work, consultations on the Memorandum, assessment of the current Kazakhstani legislation on commodities and commodity exchanges – these and other issues will be discussed at the meetings of the working groups.

The exchange commodity market will be launched on the AIFC through the development, discussion, and implementation of measures, including legislative, organizational, technical, and other measures aimed at trading exchange commodities with export-oriented delivery bases to attract foreign buyers to the commodity markets of Kazakhstan and support Kazakhstani exporters.

It is planned to create the necessary infrastructure for conducting training seminars for a wide range of participants in commodity markets, as well as conducting test trades for training purposes.

To effectively cooperate within the framework of the document the issue of attracting development institutions as outside experts will also be considered.


Reference Information:

The Astana International Financial Center (AIFC) was established on the initiative of the first President of the Republic of Kazakhstan, Nursultan Nazarbayev. The constitutional law establishing the AIFC was signed on December 7, 2015. The goal of the AIFC is to form a leading center for international financial services. The objectives of the AIFC are to assist in attracting investments in the country’s economy, creating an attractive environment for investing in financial services, developing the securities market of the Republic of Kazakhstan, and ensuring its integration with international capital markets.

Commodity exchange “Eurasian Trading System” (ETS Exchange) is the leading commodity exchange of the Republic of Kazakhstan with an impeccable reputation, the leader in terms of turnover among stock exchanges, specializing in the segment of exchange trading in goods: agricultural products, cement, coal, liquefied petroleum gas and the segment of corporate purchases.

Shareholders of Eurasian Trading System Commodity Exchange JSC: Stock Holding LLP (79%), Moscow Exchange PJSC (15%), St. Petersburg International Commodity Exchange (5%), minority shareholders – 1%.

On the ETS Exchange, the exchange turnover in the CIS market has reached 21.6 billion tenges (53 million dollars) since the start of trading on February 5, 2019.

In total, the CIS has been sold on the Kazakh organized commodity market since that date for a total of 28.7 billion tenges (70 million dollars).

On February 5, 2019, Kazakhstan launched the reform of the Ministry of Energy of Kazakhstan to phase out state regulation of the wholesale price of liquefied gas.

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