Astana International Exchange CSD became ECSDA’s associate member
ECSDA (European Central Securities Depositories Association) is pleased to welcome AIX CSD (Astana International Exchange Central Securities Depository), as its new associate member.
AIX CSD is based in the Astana International Financial Centre (AIFC) – expected to become a leading international hub for financial services for Central Asia, the Caucasus, EAEU, the Middle East, West China, Mongolia and Europe.
AIX opens up a large and promising Eurasian market to the global investment community, and countries of the continent with access to global capital markets and the possibility of attracting new investments.
On the occasion of acceptance of AIX CSD as ECSDA’s new member, Anna Kulik, Secretary General of ECSDA said “European CSDs attach particular importance to raising the overall level of safety and efficiency of the global financial network and to the high quality of the cross-jurisdictional connections between financial markets. We are pleased to be attentive to the AIX CSD demand and, through their participation in ECSDA, to share with them the leading practices in post-trade services, characterising the European financial infrastructure.”
Tim Bennett, Head of the Board of AIX CSD, commented: “AIX CSD is strongly committed to follow the international standards on post trade and to align its work with the best practices in this area. Membership of ECSDA is a clear statement we make to demonstrate this commitment. We recognize that only by following international standards we can provide investors with confidence in AIX clearing and settlement services.”
AIX
Astana International Exchange (AIX) was formed in 2017 as part of the development of the Astana International Financial Centre, AIFC. On the 14th November 2018, the first trading session on AIX has been launched by the President of the Republic of Kazakhstan Nursultan Nazarbayev. AIX’s shareholders include AIFC, Goldman Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which also provides AIXs trading platform. www.aix.kz
AIFC
The AIFC was established on the initiative of the President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz