Smooth launch of the new trading system
Starting July 2, 2012, Mongolian Stock Exchange has successfully migrated to the new trading, clearing, settlement and surveillance platform, informed the Mongolian Stock Exchange.
As part of the transition, market participants and their clients have stand to benefit from further advantages, including a receipt of one-stop service at the brokerage firm to open not only brokerage dealing and but, in some instances, also bank settlement account with added features, such as interest accrual and client account deposit insurance program.
The number of complaint member as well as the trading volume has increased steadily from day-to-day.
Since the new system migration day the total turnover has exceeded over MNT 35.2 billion. Last week alone, the trade turnover reached MNT 17.5 billion. Since migration, no major issues have been reported on the technical side, and it is being viewed by the analysts that modernization process has been implemented successfully.
As part of new system, the trading day begins with pre-opening auction at 9:40 am, followed by regular trading from 10 am-1 pm local, which corresponds with 9:40 pm-1 am on the East Coast and 6:40 pm-10 pm on the West Coast of the North America time zone.
As part of the transition, market participants and their clients have stand to benefit from further advantages, including a receipt of one-stop service at the brokerage firm to open not only brokerage dealing and but, in some instances, also bank settlement account with added features, such as interest accrual and client account deposit insurance program.
The number of complaint member as well as the trading volume has increased steadily from day-to-day.
Since the new system migration day the total turnover has exceeded over MNT 35.2 billion. Last week alone, the trade turnover reached MNT 17.5 billion. Since migration, no major issues have been reported on the technical side, and it is being viewed by the analysts that modernization process has been implemented successfully.
As part of new system, the trading day begins with pre-opening auction at 9:40 am, followed by regular trading from 10 am-1 pm local, which corresponds with 9:40 pm-1 am on the East Coast and 6:40 pm-10 pm on the West Coast of the North America time zone.
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