WASHINGTON, U.S., March 10. The cooperation
between Azerbaijan and the United States aims to promote
diversified financing, said Ruslan Khalilov, CEO of the Baku Stock
Exchange (BSE), during the U.S.-Azerbaijan Trade and Business
Conference in Washington D.C., held to mark the 30th anniversary of
the U.S.-Azerbaijan Chamber of Commerce (USACC), Trend’s special
correspondent reports.


Khalilov highlighted the role of the BSE in facilitating
financing for large infrastructure projects in Azerbaijan, noting
that many projects currently rely on international financial
institutions or syndicates of local and global banks. “Our goal is
to increase participation through capital markets, integrating
ecosystems that include financial institutions, companies, and
organizations responsible for managing financial assets,” he
said.


He emphasized that connecting capital markets is not just about
stock capitalization, but also about integrating systems across
markets to improve efficiency and accessibility. “By connecting
domestic and international markets, and leveraging distributed
financial systems, we can better support companies seeking
financing and provide practical solutions for investors,” Khalilov
added.


Khalilov also discussed lessons learned from Asian markets, such
as Kazakhstan and Uzbekistan, where ecosystem integration and early
adoption of technology solutions, including high-frequency trading
systems, have helped connect capital markets effectively. He noted
that similar approaches could be applied in Azerbaijan with U.S.
collaboration.







“Investment in trading systems is a crucial first step. You need
to cultivate the market, attract participants, and ensure that
technological infrastructure is in place. This is a challenge, but
also an opportunity to diversify financing sources and bring more
liquidity to the capital markets,” he said.


The BSE CEO highlighted the upcoming strategic partnership
between Azerbaijan and the United States, noting that the
collaboration aims to promote diversified financing, enhance market
connectivity, and integrate advanced technological solutions to
support sustainable growth in the region.