BAKU, Azerbaijan, Dec. 2
By Nargiz Sadikhova – Trend:
The introduction of the new ASTS+ trading and clearing system by the Kazakhstan Stock Exchange (KASE) will increase the indicators of reliability, productivity, and functionality, Trend reports citing Kazakhstan’s National Bank.
The stage-by-stage introduction of the ASTS+ trading and clearing system began in 2019. The new platform allows organizing high-frequency trading, including with the participation of external algorithmic trading systems.
The system will also allow maintaining a great number of individual trading accounts, which will undoubtedly be reflected in the popularization of trading among individuals through brokers. These measures are expected to give a synergistic effect, as well as have a positive effect on attracting non-residents to the foreign exchange market, which will ultimately lead to an increase in its liquidity.
One of the innovations which will be introduced with the use of ASTS+ is the mode of negotiated transactions, which is an analog of the over-the-counter (OTC) deals market. The range of derivative financial instruments was also expanded and the risk management system was significantly improved with the system’s introduction.
Distinctive features of ASTS+ are high reliability of IT systems, high-speed performance with a processing speed of about 30,000 transactions per second, and functionality with support for a wide range of financial market instruments. The implementation of the new system will improve the functionality and risk management system of the central counterparty in the foreign exchange market.
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