From January 7 preferences of market-makers of the Russian rouble are restored at KASE

/IRBIS, Jan 4, 01/ - By the decision of the Board of Kazakhstan Stock Exchange (KASE), dated January 3, 2002, as the experiment on trades in Russian roubles (RUR) ended at KASE, from January 7, 2002 the preferences of market-makers of RUR were restored. The preferences mean that the bid and offer prices of RUR in the trade system of KASE can be put out only market-makers of the rouble at the Exchange. Other participants can accept these prices (in that case they make the deals) or ignore them. As it has been informed before, from November 15 and till the end of 2001, as an experiment, all members of the Exchange holding "B" category (with the right to participate in foreign currency trades) were allowed to put out solid bid and offer prices of RUR. At the same time the market-makers of RUR at KASE - Bank TuranAlem OJSC (Almaty) and Bank Caspian OJSC (Almaty) - were granted a right not to maintain mandatory quotations of this currency. After the study of the results of the experiment, the Board of KASE came to a conclusion that the experiment did not increase the liquidity of this sector of the market.