OREANDA-NEWS. August 31, 2009. The Exchange Council of Kazakhstan Stock Exchange (KASE) decided to change mechanism switching to standby mode at share trade, during which trade is held at Frankfurt method, reported the press-centre of KASE.

The essence of changes is:

1) for illiquid shares trade shall be switched to standby only in case of deviation of a possible transaction price from last deal price exceeding 5 %;

2) for liquid shares trade shall be switched to standby only in case of deviation of a possible transaction price from last deal price exceeding 10 %;

3) to determine that trade shall be switched automatically to standby mode at an attempt to conclude a deal in any shares in case no deals were made in such shares for over 15 calendar days;

4) to allow trade participants at standby mode remove their orders submitted before standby mode.

It is supposed for purposes of such changes KASE shall deem liquid only shares listed on the KASE Index representative list, and shares on which there is a specialist.

Planned changes are introduced to bring KASE trading mode in line with international practices allowing for concentrating attention of trade participants onsubstantial share price deviation. Besides, changes shall decrease a probability of a technical error can be made by traders, and prevent price manipulation.

The KASE Board was ordered to update as may be required the KASE trading system and amend KASE internal documents correspondingly.