Baku, Azerbaijan, April 1
By Kheyraddin Nasirzade – Trend:
The operating turnover of the Baku Stock Exchange (BSE) for 2018 showed the largest increase over the past 10 years, revealing an increase of 245 percent, Orkhan Baghirov, deputy director of InvestAZ investment company, told Trend.
The main growth here, according to Baghirov, was observed in government securities. The matter of the monetary policy of Azerbaijan, and of the pressure it is under, is one which still remains relevant. From this point of view, a strong growth is not expected this year when compared to last year, Baghirov noted.
On the other hand, changes in infrastructure in some instruments may lead to a sharp reduction in stock exchange volumes.
Regarding repo transactions, the deputy director noted that there is no need for taking any additional steps to extend the term of transactions, as the validity period of the repo instrument is determined by the parties themselves. The advanced technologies utilized by the BSE allow investment companies to invest in a reliable trading system that allows placing repo orders in accordance with the offer of the repo trader.
On the other hand, other market participants see this application, and can obtain or purchase it with relative ease with the help of one option, according to Baghirov. That is, the parties themselves can determine the duration of the transaction which they want to carry out.
The total turnover of exchange transactions on all instruments at the BSE amounted to 23.45 billion manats in 2018. The volume of the government securities market was 13.341 billion manats, the turnover of the corporate securities market was 1.204 billion manats, and the volume of the market for derivative instruments was 8.557 billion manats.