AIX鈥檚 securities lending transactions total US$600k
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AIX鈥檚 securities lending transactions total US$600k 20 August 2021Kazakhstan Reporter: Carmella Haswell
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Kazakhstan鈥檚 Astana International Exchange (AIX) has completed 850,000 securities lending transactions totalling US$600,000, across seven different currencies, as of 20 August 2021.
AIX first launched its securities lending transaction service in March 2020.
Securities lending and borrowing is available to appointed market makers in Kazakhstan after being authorised by AIX regulation and compliance.
Olivier Gueris, COO of AIX, says: 鈥淎IX offers its market-makers a securities lending service to cover short-selling positions within a robust and proven operational and risk-management framework. Worldwide, securities lending is a mature and effective market activity that has persisted through macroeconomic events such as credit shocks, the sovereign bond crisis and now the pandemic.鈥�
He adds: 鈥淚n addition to bringing return benefits to lenders, securities lending plays an important role in the smooth functioning of developed financial markets by supporting market liquidity and efficiency.鈥�
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