FROM SEPTEMBER 9, KASE PLANS TO LAUNCH TRADING IN NEW INSTRUMENTS ON THE FOREIGN CURRENCY MARKET

06.09.24 16:16
/KASE, September 6, 2024/ – Kazakhstan Stock Exchange (KASE) announces that from September 9, 2024, KASE plans to open trading in foreign currency transactions on the EUR/USD currency pair – EURUSD_0_001, EURUSD_0_002 and EURUSD_1_001. Trading in the EURUSD_0_001 and EURUSD_0_002 instruments on KASE will be conducted from 11:30 to 15:30 Astana time, EURUSD_1_001 – from 11:30 to 17:00 Astana time. In addition, the following changes will be made from that date: - The accuracy of quotations for the EUR/USD currency pair on the spot market has been increased from four to six decimal places; - The opening price for foreign exchange transactions in respect of the euro, ruble and yuan will be the weighted average price of concluded transactions with settlements on the next business day after the trading day (TOM), rather than the weighted average price of concluded transactions with settlements on the trading day (TOD). From September 9, 2024, the corresponding amendments to KASE's internal documents will be put into effect: - changes and addition No. 2 to the Specification of Currency Swap Transactions and Foreign Currency Transactions; - changes No. 19 to the Regulations on trading and operation of the control and collateral system; - change and addition No. 3 to the Regulations on Trading Modes on the Foreign Exchange Market. The updated texts of the documents will be published on KASE website at https://kase.kz/en/kase_rules/ (tab "Trading"). Trading and clearing regulations are published at https://kase.kz/en/reglament/ [2024-09-06]