Industrial & Commercial Bank of China (Almaty) as of February 15 assigned status of market-maker on KASE for Chinese yuan
OREANDA-NEWS. Following the decision of Kazakhstan Stock Exchange (KASE) Management Board, Industrial & Commercial Bank of China (Almaty) JSC as of February 15, 2016 based on its application was assigned the status of a market-maker for the Chinese yuan with an obligation to maintain mandatory quotes in KASE trading system in accordance with items 1.2. and 1.3. of "Specification of the market-maker for foreign currencies" (Appendix 4 to KASE internal document "Regulations on Market-Makers").
Currently, Subsidiary Bank "Bank of China in Kazakhstan" and Subsidiary Bank "Sberbank of Russia" JSC fulfill obligations of market-makers for the Chinese
yuan on KASE.
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