OREANDA-NEWS. February 18, 2008. Kazakhstan Stock Exchange (KASE) and one of the world top exchange groups – Deutsche Borse AG signed the Memorandum of mutual understanding, reported the press-centre of KASE.

The delegation of Deutsche Borse AG, which visited KASE, comprised Rainer Riess the Managing director, Jochen Biedermann the Senior Vice-president, chief of the Department on Business development in Russia and CIS, Albrecht Burger the Senior Vice-president on money market development and Evgeniya Kosilova the VIP-clients relations manager of the Department
on business development in Russia and CIS.

At the meeting KASE was represented by Azamat Joldasbekov the President of KASE, Idel Sabitov the First Vice-president, Bulat Babenov and Andrey Tsalyuk the Vice-presidents, Amina Turgulova the chief of International relations department.

Representatives of Deutsche Borse AG surveyed the current condition of Kazakhstan organized financial market and made presentation of their group for KASE top management. The German colleagues marked the high interest of the biggest players of the European stock market in the rapidly growing Kazakhstan securities market, and pointed out the identical problems, which stock exchanges face in the course of development.

During the meeting there was achieved the agreement about interchange of experience between specialists of KASE and Deutsche Borse AG, that was reflected in the signed memorandum.

Reference:
Deutsche Borse AG is an integrated exchange group, which offers the whole range of financial products and services, which are necessary for exchange activity: shares and futures trading, clearing, custody of securities and market information provision. Besides, the group works out, develops and organizes work of electronic trading systems; renders services in information technologies area.

Judging by the market capitalization - nearly EUR25 bn., - the company is one of the most highly capitalized exchange organizations in the world. Shareholders of Deutsche Borse AG are mainly international institutional investors.