News Column

State Service for Regulation of Financial Market plans to build 5 trading platforms on basis of Kyrgyz Stock Exchange

February 12, 2014



The State Service for Supervision and Regulation of Financial Market plans to build 5 trading platforms on basis the of Kyrgyz Stock Exchange, Tazabek reported citing head of the department Yuruslan Toychubekov. The first trading platform will be for corporate securities, the second for the translation of government securities to the stock exchange, the third - for trade in gold and precious metals, the fourth - for currency trading, and the fifth for trading for futures, Toychubekov said. According Toychubekov, the Government's stake in the KSE can be represented by both the National Bank of the Kyrgyz Republic and the State Property Fund. The Exchange will issue additional shares, redeem or make purposeful exchange of shares with the state, he added. In addition, Toychubekov said that a big number of bonds have been issued in Kyrgyzstan. In the number of the bonds, Kyrgyzstan ranks first among the CIS countries. "Now we want to reach the number of Eurobonds," he concluded.


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Source: AKIpress News Agency (Kyrgyz Republic)


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