Azerbaijan launches new Securities Trading System

Baku Stock Exchange (BSE) has launched the Securities Trading System and Central Securities Depository Platform that the BSE itself, Azerbaijan’s National Depository Centre, and the US fintech corporation Montran had jointly launched.

The new systems, built following best practices and ISO 20022 standards, ensure efficient management of business processes carried out with securities, Report informs citing the Baku Stock Exchange (BSE).

"Securities Trading System, Central Securities Depository Platform will play an important role in improving the capital market infrastructure of Azerbaijan and the sustainable development of the country's securities market. Through the Securities Trading System it will be possible to buy and sell securities and carry out repo transactions in real-time," BSE said in a statement.