Azerbaijan starts trading with derivative securities
By Aynur Jafarova
Baku Stock Exchange (BSE), Azerbaijan's National Depository Center (NDC) and the Azerbaijani company Invest-AZ signed a collective agreement on the organization and implementation of trade with derivative securities (commodity and currency), clearing and accounting on them.
This was announced by BSE on April 4.
BSE has proposed to conduct these operations through the trading platform Meta Trader 4.
NDC will implement the accounting on new tools while the liquidity will be provided by Invest-AZ. A number of leading financial institutions have already joined the agreement.
"Work in this direction is an important step on the way to trading with currency and commodity financial tools via regulated market institutions," BSE said.
The average monthly volume of Azerbaijan's securities market increased by 46 percent in 2013, reaching 8.8 billion.
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