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Standard Capital Retains Leadership in Azerbaijan Brokers’ Market

Business Materials 3 September 2008 17:49 (UTC +04:00)

Azerbaijan, Baku, 3 September / Trend corr. I.Khalilova/ In August 2008, according to the calculations by the Analytical Department of BSE, in the government securities market (excluding repo operations market) Standard Capital headed ranking of brokers with brokerage services provided to 7 clients in the total amount of AZN 25,895,870.76. The second leading broker was BoB Broker with brokerage services of AZN 23,621,293.08 provided to 3 clients, which is by AZN 2,274,577.68 less than the indicator of Standard Capital. Respublika Invest held the third place in ranking of brokers with 22,484,681.04 AZN.

We should note that in August the leading amount in the ranking of brokers decreased compared to the previous month. So, in July the leading amount of brokerage services provided made AZN 75,372,849.18. Moreover, in August of this year on the above-stated segment of the market the number of brokers rendered services decreased from 11 to 9.

Ranking of brokers in government securities market, 2008 August:

Place for the volume of services **

Place for the volume of services *

Brokers

Number of clients

**

Number of clients *

Sum of brokerage services (AZN)

1

1 (-)

Standard Kapital

8

7

25,895,870.76

7

2 (▲)

BоB Broker

2

3

23,621,293.08

2

3 (▼)

Respublika Invest

5

5

22,484,681.04

3

4 (▲)

UniCapital

10

8

20,526,521.42

5

5 (-)

Azerintertrade MMC

4

3

19,785,733.88

6

6 (-)

Texnika Capital Management

5

4

19,756,802.30

4

7 (▼)

YapiKredi Invest"

1

1

12,872,926.40

9

8 (▲)

Brokdil-Az

1

1

7,336,472.76

10

9 (▲)

Kapital Partners

1

1

7,278,561.88

** - July 2008  * - August 2008

On 3 September, exchange rate totalled 0.8145 AZN/USD.

The correspondent can be contacted at [email protected]

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