AIX’s securities lending transactions total US$600k
20 August 2021 Kazakhstan
Image: valerybrozhinsky/stock.adobe.com
Kazakhstan’s Astana International Exchange (AIX) has completed 850,000 securities lending transactions totalling US$600,000, across seven different currencies, as of 20 August 2021.
AIX first launched its securities lending transaction service in March 2020.
Íø±¬³Ô¹Ï lending and borrowing is available to appointed market makers in Kazakhstan after being authorised by AIX regulation and compliance.
Olivier Gueris, COO of AIX, says: “AIX offers its market-makers a securities lending service to cover short-selling positions within a robust and proven operational and risk-management framework. Worldwide, securities lending is a mature and effective market activity that has persisted through macroeconomic events such as credit shocks, the sovereign bond crisis and now the pandemic.�
He adds: “In addition to bringing return benefits to lenders, securities lending plays an important role in the smooth functioning of developed financial markets by supporting market liquidity and efficiency.�
AIX first launched its securities lending transaction service in March 2020.
Íø±¬³Ô¹Ï lending and borrowing is available to appointed market makers in Kazakhstan after being authorised by AIX regulation and compliance.
Olivier Gueris, COO of AIX, says: “AIX offers its market-makers a securities lending service to cover short-selling positions within a robust and proven operational and risk-management framework. Worldwide, securities lending is a mature and effective market activity that has persisted through macroeconomic events such as credit shocks, the sovereign bond crisis and now the pandemic.�
He adds: “In addition to bringing return benefits to lenders, securities lending plays an important role in the smooth functioning of developed financial markets by supporting market liquidity and efficiency.�
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