BAKU, Azerbaijan, Aug.13
By Nargiz Sadikhova - Trend:
Kazakhstan’s Astana International Exchange Central Securities Depository (AIX CSD) has opened a foreign nominee account with the Russian National Settlement Depository (NSD), Trend reports with reference to AIX.
Thus, the AIX CSD has gained access to clearing and settlement services in the Russian market, as well as to a wide range of Russian financial instruments.
Now, issuers of Astana International Exchange will be able to offer Ruble-denominated instruments both to foreign and local investors.
"Getting a direct link with the Russian central securities depository will expand the range of market access options which we provide our investors and will contribute to further development of securities market of Kazakhstan," CEO of AIX Tim Bennett explained.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform.
The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment.
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