Industrial & Commercial Bank of China (Almaty) as of February 15 assigned status of market-maker on KASE for Chinese yuan

03.02.16 11:27
/KASE, February 3, 16/ – Following the decision of Kazakhstan Stock Exchange (KASE) Management Board, Industrial & Commercial Bank of China (Almaty) JSC as of February 15, 2016 based on its application was assigned the status of a market-maker for the Chinese yuan with an obligation to maintain mandatory quotes in KASE trading system in accordance with items 1.2. and 1.3. of "Specification of the market-maker for foreign currencies" (Appendix 4 to KASE internal document "Regulations on Market-Makers"). 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 [2016-02-03]