BSE, NDC leading new era of capital market development
Azerbaijan, Baku, Feb.2 / Trend /
In 2011 State Committee for Securities of Azerbaijan Republic made amendments and additions to the Depository and Brokerage Activities Standards and Regulations. In lights of these regulatory changes the two key members of the capital markets infrastructrue of Azerbaijan - Baku Stock Exchange (BSE) and National Depository Center (NDC) entered a new era of their relationship. Market participants conducted their firts trades using new facilities today.
One of the reasons for adopting the above regulatory changes was the ability to create a fully automated trade and document circulation between the BSE, NDC and other professional players on the market. The second biggest achievement is the ability conduct intraday trading with the same security, in other words, one share on the market can be sold and purchased as many times as the owner wishes during the same trading session.
While the global capital market technologies is ever developing and getting more sophisticated year after year, we are proud to say that the BSE is closely monitoring the impacts of these developments. As a part of the BSE's Strategy, the exchange will further continue to develop new capacities on the local market.