Astana International Exchange (AIX) is pleased to announce that trading in “Kazatomprom” shares and GDRs, the debut IPO of AIFC, has commenced on AIX with the post-trade settlement on the books of AIX CSD and Societe Generale Securities Services, Russia (Rosbank).
During the period from 14th to 23rd of November 2018, Astana International Exchange Central Securities Depository (AIX CSD) successfully settled 1,253 trades in common shares totaling KZT 1.3bn and 32 trades in GDRs totaling US$250,455.
SGSS Russia acted as a custodian for both GDRs and underlying shares traded on AIX providing the link to Euroclear and Kazakhstan Central Securities Depository (KACD) for AIX CSD.
Tim Bennett, CEO of AIX, commented:
“Cooperation with SGSS Russia (Rosbank) is extremely important for our operating activities, as it ensures flawless work of AIX post-trading system for all types of securities, linking Euroclear, one of the largest providers of financial market infrastructure in the world, and Kazakhstan Central Security Depository. This plays a key part in creating global connectivity of AIX with the leading custodian banks.”
Mikhail Bratanov, Regional Head of SGSS in Russia & CIS, commented:
“SGSS Russia (Rosbank) was the first Russian custodian to establish a link to Kazakh financial market more than 10 years ago. We are proud to be a partner in the launch of Astana International Exchange. We believe that our expertise and capacity in the custodial service contributes to make AIX’s post-trading infrastructure easy, safe and in accordance with best market practices.”
AIX. Astana International Exchange (AIX) was formed in 2017 as part of the development of the Astana International Financial Centre, AIFC. On the 14th November 2018, the first trading session on AIX has been launched by the President of the Republic of Kazakhstan Nursultan Nazarbayev. AIX’s shareholders include AIFC, Goldman Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which also provides AIXs trading platform. www.aix.kz
AIFC. The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz
SGSS. Established in 27 locations worldwide with 4,000 employees, Societe Generale Securities Services (SGSS) provides a full range of securities services that are adapted to the latest financial markets and regulatory trends. SGSS is among the top ten global custodians and the 2nd largest European custodian. SGSS Russia is represented locally by Rosbank, a universal bank, part of Societe Generale Group. Rosbank serves more than 4 mln individual customers in 70 regions of Russia. The bank’s regional network numbers around 340 outlets and more than 30 thousand ATMs of partner network. The Bank of Russia included Rosbank in the list of 11 systemically important banks (SIBs). www.securities-services.societegenerale.com
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