BAKU, Azerbaijan, August 26. Baku Stock
Exchange (BSE) is intensifying efforts to automate transactions in
the secondary bond market and launch new functionality, Trend’s correspondent
reports.
BSE Board Chairman Ruslan Khalilov said this at the “Opening
Bell” ceremony held to mark the admission of bonds issued by Ziraat
Bank Azerbaijan to trading on the Baku Stock Exchange.
He said the new system is expected to be fully operational by
the end of this year.
“The new functionality will allow individual and institutional
investors to conduct secondary-market trading directly and
automatically on the Baku Stock Exchange through their brokers. I
believe this innovation will give a major boost to the bond market,
particularly corporate bonds and the repo market for these
instruments,” Khalilov said.
He noted that the Ziraat Bank Azerbaijan bond issue comes as the
launch of the new functionality approaches.
“I hope that your securities will benefit the most from these
opportunities,” he added.
Khalilov also thanked PASHA Capital and the bank’s team for the
bond issuance.
“Once again, I congratulate each of you and wish you success,”
the BSE chairman said.
