Trading with derivative securities starts in Azerbaijan
Baku, Azerbaijan, April 4
By Abbas Akhundov - Trend:
Baku Stock Exchange , the National Depository Center of Azerbaijan and the Azerbaijani company Invest-AZ signed a collective agreement on the organization and implementation of trade with derivative securities (commodity and currency), clearing and accounting on them, BSE reported on April 4.
In accordance with the proposal of the BSE these operations will be conducted through a trading platform Meta Trader 4.
NDC accounting on new instruments will implement, and the liquidity will be provided by Invest-AZ. A number of leading financial institutions have already joined the agreement.
"Work in this direction is an important step on the way to trading with currency and commodity financial instruments regulated by market institutions," the statement said.
Translated by S.I.
Edited by C.N.