Monday, July 27 2020 17:49
Alexandr Avanesov

EEC supported creation of a common EAEU exchange space

EEC supported creation of a common EAEU exchange space

ArmInfo.The Eurasian Economic Commission supported the creation of a common EAEU exchange space.

As reported by the EEC press service, the EEC Financial Markets  Advisory Committee has considered a draft agreement on the admission  of brokers and dealers of one EAEU state to participate in organized  trading on the exchanges of other countries of the Union. According  to the commission, the agreement will allow national exchanges to  recognize licenses of brokers and dealers issued by an authorized  body of the EAEU state, and allow them to directly participate in  trading for the purchase and sale of securities and derivative  financial instruments.

The EEC Minister for Economy and Financial Policy Timur Zhaksylykov  noted that the Union states jointly with the EEC developed a "road  map" to build a common exchange space.  "The common exchange space of  the EAEU will be formed as an interconnected system of exchange  trading in securities and financial instruments in the organized  markets of the Union countries, united on the basis of agreed  procedures and technologies," he said.

Following the discussion, the committee decided to submit the draft  agreement on the admission of brokers and dealers to the EEC board  for consideration.