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BBVB discusses prospects for further cooperation with KASE

Business Materials 26 May 2011 09:57
Baku Interbank Currency Exchange (BBVB) discussed strategy with Kazakhstan Stock Exchange (KASE) and main directions of its activity, BBVB said on Wednesday.
BBVB discusses prospects for further cooperation with KASE

Azerbaijan, Baku, May 26 / Trend /

Baku Interbank Currency Exchange (BBVB) discussed strategy with Kazakhstan Stock Exchange (KASE) and main directions of its activity, BBVB said on Wednesday.
BBVB representatives held a meeting with KASE representatives on bilateral program of the Federation of Euro-Asian Stock Exchanges (FEAS) at the initiative of BBVB in Kazakhstan Stock Exchange on May 16-19 in Almaty.
"A need to maintain bilateral contacts and to develop further cooperation was stressed at the meeting," BBVB said.
The bilateral program was attended by BBVB Information and Analysis Department head Aydin Babayev and BBVB clearinghouse head Olga Tsaritsyna.
During the meetings KASE's practical aspects on currency, stock and money markets were studied.
KASE's indexes and data products, experience in transmission of commercial and other stock information to the terminals of international news agencies program were also examined.
On Nov.17, the National Bank of the Republic of Kazakhstan and twenty three leading commercial banks of Kazakhstan made the decision to found the currency exchange. The main objective set for the new exchange consisted in organization and development of the national currency market due.

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