Central Asian exchanges continue to establish cooperation

Tashkent, Uzbekistan (UzDaily.com) -- General Director of the Uzbek Republican Currency Exchange Rashid Usmanov held a meeting with the heads of the Kyrgyz Stock Exchange (KSE). The KSE delegation was represented by Chairman of the Board of Directors Tilek Eraliev, member of the Board of Directors Meerim Askarbekova, KSE President Medet Nazaraliev, and Vice-President Aida Chodulova.

The agenda is to expand cooperation and strengthen mutual understanding between the two regional financial institutions.

During the meeting, various aspects of cooperation between the UzRSE and the KSE were discussed, including the exchange of experience in the development of the foreign exchange market and government securities market, as well as the development of trading and software complexes.

The head of UzRVB gave a brief excursion into the history of the formation of the exchange and introduced the meeting participants to the functionality and in-house modules of the Rhombus platform. UzRSE specialists gave presentations to KSE representatives on the operation of the platforms, the markets served, types of exchange transactions, and also spoke about the features and advantages of UzRSE platforms relative to their analogues.

During the meeting, special attention was paid to the repo market, the activities of the central counterparty, and the functioning of the one-click system. Of particular interest to KSE representatives was the government bond market and the activities of market makers in the UzRVB markets.

The guests highly appreciated the work being carried out to improve the exchange infrastructure of the UzRSE, modernize the trading, clearing and depository systems, and also expressed interest in implementing the experience of the UzRSE in this area.

Following the meeting, the head of the KSE expressed confidence in the prospects of cooperation between the UzRSE and the KSE. The parties agreed to continue further strengthening cooperation in the interests of sustainable development of financial markets in the region.