Azerbaijan and Kazakhstan intend to integrate their stock markets in order to increase their depth and attract more participants, Oktay Gasimov, deputy chairman of the Board and Chief Commercial Officer of the Baku Stock Exchange (BSE), said during the “KASE Day in Baku” seminar, Report informs.
According to him, strong partnership and friendly relations have been established between the Baku and Kazakhstan Stock Exchanges (KASE) in recent years.
“We regularly exchange visits, participate in joint events, discuss areas of cooperation, share experience and best practices in the capital market. Particular attention is paid to the broadcast of exchange data, cross-listing and sponsored listing. Our goal is to deepen the markets and expand the range of participants,” Gasimov noted.
He also stressed that the efficiency of capital markets directly depends on the level of transparency, quality of information, liquidity and activity of both investors and issuers implementing their investment strategies through exchange instruments.
