A significant milestone was reached today under the strategic partnership between the London Stock Exchange, the State Property Committee and the Mongolian Stock Exchange. The MSE carried out a soft launch of its new Trading, Clearing Settlement and Depository and Surveillance systems.
The new market regulations which are aligned to international standards require stringent requirements to be met by market participants. We are pleased to announce that five Brokers were able to comply with the new requirements and were present on the Trading Floor today to participate in the launch. Brokers continue to work with their clearing Banks to satisfy the requirements. The soft launch is intended to give Broker Dealers some time to adjust to the new market regulations and to meet the new requirements. We are confident that more and more participants will be added on in the next few days.