KASE Board of Directors approves amendments to Rules of Foreign Currency Exchange Trading
OREANDA-NEWS. Following a decision of Kazakhstan Stock Exchange (KASE or the Exchange) Board of Directors of April 14, 2016 changes and additions No. 7 (amendments) to KASE internal document "Rules of Foreign Currency Exchange Trading" (the Rules) were approved.
Said amendments were made due to proposals made by members of the currency market aimed at making the swap trading more convenient.
According to said amendments the currency swap transaction price will be represented not by the difference between a foreign currency's prices according to relevant purchase-sale deals incorporated in that transaction, but by the profitability of that transaction in annual percentage rate.
The amendments will be put into effect after necessary improvements to KASE information systems following a decision of the Board of Directors.