/KASE, October 7, 14/ – Following a decision of Kazakhstan Stock Exchange (KASE)
Management Board, Halyk Savings Bank of Kazakhstan JSC (Almaty) as of
October 20, 2014 based on its application was assigned the status of a
market-maker for the Chinese yuan.
KASE internal document "Specification of the status of market-maker for foreign
currencies" (Appendix 4 to KASE internal document "Regulations on Market-
Makers") specifies that at participation of a market-maker for the yuan in the
yuan trading, all other KASE members may submit only counter orders towards
mandatory quotations of the yuan market-maker and conclude transactions
based only on such counter orders.
Currently, Subsidiary Bank "Bank of China in Kazakhstan" and Subsidiary Bank
"Sberbank of Russia" JSC fulfill obligations of market-makers for the Chinese
yuan on KASE.
The Regulations on Market-Makers are available on KASE website at
http://www.kase.kz/files/normative_base/market_maker_eng.pdf
[2014-10-07]