BAKU, Azerbaijan, October 20. Uzbekistan’s
National Agency for Perspective Projects (NAPP) and the Tashkent
Republican Stock Exchange discussed modernizing the country’s stock
market infrastructure with Nasdaq during a meeting in Samarkand on
October 19.
This was reflected in the statement by the Republican Stock
Exchange Tashkent, following a meeting on the sidelines of the
U.S.-Uzbekistan Business and Investment Council sessions held
within the C5+1 framework, which brings together the United States
and five Central Asian countries.
The discussions focused on plans to upgrade the Tashkent Stock
Exchange’s trading, clearing, brokerage and market surveillance
systems. The parties reviewed progress on the exchange’s
request-for-proposals (RFP) process and explored available
technological solutions.
Nasdaq proposed arranging an on-site visit to study the
operations of the Stockholm Stock Exchange, including its trading,
clearing, brokerage, depository and market surveillance systems, as
well as the technologies used to integrate these functions.
The proposed visit would allow Uzbek representatives to examine
the practical application of modern stock market infrastructure and
assess potential solutions for the exchange’s modernization
project.
The meeting is expected to inform the ongoing selection of
technology providers under the RFP process.
Nasdaq is a U.S.-based financial technology company that
operates stock exchanges and provides trading technology, market
surveillance, clearing-related solutions and other services to
financial market operators worldwide. Its technology is used by
exchanges and financial institutions in multiple countries.
