KASE Clearing Centre and Commodity Exchange "ETS" signed Memorandum of understanding

04.04.24 10:31
/KASE, April 4, 2024/ – KASE Clearing Centre JSC – a 100% subsidiary of Kazakhstan Stock Exchange JSC (hereinafter – KACC) – and Commodity Exchange "Eurasian Trading System" JSC (hereinafter – ETS Exchange) signed a memorandum of understanding. The purpose of signing the memorandum is to determine the possibilities for KACC to provide settlement and clearing services and to perform the functions of a single clearing centre for servicing the commodity derivatives market, including the derivatives markets of the ETS Exchange and the multilateral trading platform being created by the ETS Group on the premises of the Astana International Financial Centre (hereinafter – the AIFC). Within the framework of the specified document, KACC and the ETS Exchange agreed to share information and develop the infrastructure of the derivatives commodity market, as well as promote long-term joint partnership. A press release dedicated to this event was posted on KACC's Internet resource: - https://kase.kz/files/press/kz/04_04_2024_KACC_CE_memo_kaz.pdf – in Kazakh; - https://kase.kz/files/press/ru/04_04_2024_KACC_CE_memo_rus.pdf – in Russian; - https://kase.kz/files/press/en/04_04_2024_KACC_CE_memo_eng.pdf – in English. [2024-04-04]