Based on the resolution no.11 from 2010 by Mongolian Parliament and the resolution no.115 from 2010 by Mongolian Government, State Property Committee, London Stock Exchange Group and Mongolian Stock Exchange (MSE) concluded “Master Service Agreement” in April 2011 for 3 years to develop the market and started the work of reform.  

Within the framework of the Agreement, we have implemented Millenium IT system, a system used in over 30 stock exchanges and financial institutions of 20 countries, reviewed the market laws and regulations, shifted the securities clearing and settlement system to T+3 post paid system from prepaid one as well as organized the training for market professionals.

During August 27th to August 30th 2013, Head of Global Business Development of London Stock Exchange Group Antonella Amadei paid a visit to Mongolian Stock Exchange and met related government officials and market participants and shared their opinions and suggestions to develop domestic capital market. During the meeting, she expressed her confidence on forming long-term partnership with MSE and expanding the mutual cooperation and also noted that there is a wide development opportunities for Mongolian capital market.

 

Public Relations Department

MONGOLIAN STOCK EXCHANGE