Wednesday April 24 2024

News Source: Global Exchanges

Focus: Brokers

Type: General

Country: Kazakhstan

Link: https://tinyurl.com/ycx45t43




Kazakhstan Stock Exchange (KASE) announced that amendments to the internal document “Rules for market makers activities” have been approved, effective June 1st, 2024.

The amendments define the following conditions for market makers in the repo market, the underlying assets of which are one-day general collateral certificates (GCC):

  • the minimum volume of maintaining for sale or buy quote is 1.0 billion tenge;
  • the maximum spread size is 1.0 % of the yield when issuing buy and sell quotes. At the same time, the market maker will be allowed to announce and maintain mandatory quotes in one direction. In this case, the spread should be no more than 1 percentage point of the last value of the (Tenge OverNight Index Average) TONIA indicator;
  • aggregate daily minimum volume – 5 times the minimum volume of the mandatory quotation with the option of not maintaining further obligations.

Click on the above link for further information