On 17 February the Baku Stock Exchange held the commissioning of a unified information system for the implementation of the exchange trade and control of the level of international standards.
The ceremony was attended by representatives of the State Committee for Securities, the World Bank, the State Secretariat for Economic Affairs (SECO) of Switzerland, and Korea Exchange.
The new trading system enables market participants to use new tools of exchange trade and open up new prospects for the stock market, according to the SSC. It also makes it possible to establish clear and fair prices on the stock market.
"The new trading system will increase the efficiency of the securities market, attractive for investors," said the coordinator of the World Bank in Azerbaijan for financial and private sector in the South Caucasus Angela Prizhorina.
The new trading system is implemented in the framework of the Program of the World Bank Modernization of Capital Markets. The cost of the contract signed between the State Committee for Securities and the Stock Exchange of Korea in 2015 was $ 5 million 546 thousand (including VAT). --- 08B
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