/KASE, May 21, 08/ - By the decision of Kazakhstan Stock Exchange (KASE)
Board of May 19, 2008, changes and addition # 6 (amendments) were made into
the KASE internal document Rules of Annual Rewards of the Most
Distinguished Exchange Members (hereinafter - Rules), effective from
January 1, 2008.
According to the mentioned amendments:
- due to introduction of the Method of Kazakhstan Stock Exchange Inc.
Members Activity Indicators Calculation (hereinafter - Methods) and
impossibility of its application to the exchange market in whole, and
considering that not all KASE members participate in trades in all accessible
instruments, from Rules was excluded the Absolute exchange market
leader nomination;
- due to the insignificant volume of the exchange market of the initial
corporate securities offering and, as a rule, insignificant contribution of
the Exchange members into these offerings (due to the mentioned reasons the
winners in this nomination were not determined in 2004 and 2005) from Rules
was excluded the Leader of the exchange initial offering market;
- the Leader of corporate securities exchange market nomination was replaced
by two nominations: the Leader of shares exchange market and the
Leader of corporate bonds exchange market;
- the leaders in the secondary exchange market sector is determined not
based on each participant total gross position on trades, as before, but based
on the value of its (Ка) activity indicator in the corresponding sector, which
is calculated for each KASE member in compliance with Methods considering
the volume and number of satisfied market deals, the number of effective
days and number of trade accounts, used by the Exchange member;
- in nominations by the secondary market sector, as before, two winners are
determined - who took the first and the second places and awarded the
"golden" and "silver" diplomas; in the Leading financial consultant nomination
as before is awarded only one Exchange member.
The revised text of Rules is published on KASE website
at
http://www.kase.kz/files//normative_base/diploms.pdf
The text of Methods is available
at
http://www.kase.kz/files/normative_base/Members_activity.pdf
We draw attention of the market participants that for the first time KASE used
Methods when developing rankings of the most active Exchange members by
results of February 2008. KASE new on this topic
(
http://www.kase.kz/market/kasenews/) were published on March 27-31 and
contained the ranking comparisons for February and January.
As Rules are given effect from January 1, 2008, the most distinguished in 2007
KASE members were determined based on new Rules.
[2008-05-21]