/KASE, November 26, 2020/ – Following a decision of the Management Board of
Kazakhstan Stock Exchange (KASE) dated November 24, 2020 changes and
additions No. 2 (amendments) to KASE's internal document "Regulations on
trading and operation of control and collateral system " (Regulations) were
approved, which will come into effect from November 30, 2020.
The amendments also provide for the following:
- the lot size was set in the size of one for financial instruments of the
foreign currency market;
- a minimum number of lots has been set when trading in foreign currencies,
including currency swap transactions and foreign exchange transactions;
- the minimum visible number of lots has been set when conducting trading in
foreign currencies due to the possibility of submitting iceberg orders;
- the start and end time of the opening auction for the financial instrument
USDKZT_TOM has been set;
- an additional trading method has been established when conducting trading in
foreign currencies, including currency swap transactions and foreign currency
transactions;
- the concepts of "currency swap transaction" (transactions in the US dollar
with standardized terms of seven days, one month, three months, six months
and one year) and "transaction with foreign currency "(transactions in the US
dollar, euro, Russian ruble and yuan of the People's Republic of China with
standardized terms of one day and two days) were separated;
- it was established that two financial instruments will be traded during the
additional session – USDKZT_0_001 and USDKZT_1_001;
- the time of trading in the financial instrument CNYKZT_TOD has been
extended by one hour – until 12:00 o'clock, Almaty time;
- the time for conducting trades in the deliverable futures on the foreign
currency market was set – from 10:15 to 17:00 o'clock, Almaty time;
- the time has been extended and the conditions for trading in currency swap
transactions and foreign currency transactions for which the settlement date
of the first transaction falls on the day T+1 has been changed: trading will
be held every business day from 11:30 to 17:00 o'clock, Almaty time;
- corrections have been made for the size of the minimum amount of lots on the
US dollar (progressive lot).
The updated Regulations on trading and operation of the control and collateral
system will soon be published on KASE website in section "KASE Rules" –
https://kase.kz/en/kase_rules/
[2020-11-26]