Azerbaijan, Baku / corr Trend I.Khalilova / The Baku Stock Exchange (BSEX) with technical assistance from the Warsaw Stock Exchange (WSEX) launched compiling exchange indexes for Azerbaijan, Khayal Abdinov, the head of the BSEX Managing Board, said.
Indexes are designed on almost all tools, including corporate bonds, shares and state securities.
"We want to view at what extent the establishment of exchange indexes and define with the one. However, it is not the work of one day, because we are compiling the history of establishment of each tool," Abdinov said. At present, data is collected and different tendencies for movement of that index to be commissioned are being considered.
In this respect, the establishment of the first exchange of index in Azerbaijan is possible no sooner than 2008, because it was adopted at the Observation Board of the exchange.
The commencement of partner relations between the Warsaw and Baku exchanges was based on a memorandum on long-term cooperation signed in June 2007.
In accordance with the document, the sides plan to cooperate in exchange of information and exchange of experience for the development and integration of the stock markets of the two countries.