KASE amends Regulations on Trading and Confirmation System Operation

02.12.09, 17:56
/KASE, December 2, 09/ - The Board of the Kazakhstan Stock Exchange (KASE) on December 1, 2009 approved change and addition No. 28 (the Amendments) to the KASE internal document "Regulation on Trading and Confirmation System Operation (the Regulations), effective December 14, 2009. The Amendments: 1. Change and add to a list of cases applying stand-by mode at share trading. In particular, share trading will be switched to a stand-by mode, during which they are held through Frankfurt trade, at matching or crossing of bid and ask, if a price of a prospective deal is deviating from the price of the last deal 10 % in "liquid" shares and 5 % in "illiquid" shares, or in case of absence of deals in such shares during 15 calendar days or more. The lists of "liquid" and "illiquid" shares will form on a quarterly basis in accordance with the KASE internal document "Methodology on determination of security liquidity indicators". 2. Reduce trade day for "illiquid" shares. Now from 15.00 p.m. through 17.00 p.m. ALT. 3. Set trade regulations: euro settled in tenge on the business second day after a trade (EURKZT_SPT); euro settled in dollar on the day of transaction (EURUSD_TOD); euro settled in dollar on the next business day after a trade (EURUSD_TOM); euro settled in dollar on the second business day after a trade (EURUSD_SPT). The Regulations text was amended in connection with a change of the order of coding of currencies trading on KASE, including in part of currency swap transactions. The renewed Regulations text will be available at the KASE website at http://www.kase.kz/files/normative_base/reglament_trade.pdf in the nearest time. [2009-12-02]