NASDAQ to Compete in Mongolian Stock Market

Mongolian Stock Exchange Management Tender Bid was announced earlier. Some companies and consortium are preparing for the bid. At this time, Nasdaq OMX & Mosdaq Consortium held press conference on its submission of tender material to the State Property Agency on MSE Management Team. Nasdaq OMX cooperates with Mosdaq, a Mongolian company, since 2007.
The Consortium sets its goal to increase registered stock size at MSE and trading activities and to bring market capitalization up to 46 percent of GDP, handling 10 percent of total investment of Mongolia through MSE. Also the consortium planned to invest MNT24 billion in technology innovation of MSE. Consortium delegates have more to share.

What are the main achievements of your consortium in the last three years of cooperation?

(Executive Director of Mosdaq): In three years, we have made R&D and based on its finding, we reached the conclusion the current operation and management of MSE is wrong.

You said that the consortium will invest heavily on technology innovation. But, do you think that you can reach your goal without reforming current legal environment?

Olf Carlsson (Regional General Manager of North Asia and Japan, Nasdaq OMX): Before giving explanation, we should consider the impact of international financial market on developing countries. We studied developing markets similar to Mongolia. Without providing international standard, smaller exchanges lose their opportunity to attract bigger investment. Because investors have to spend much time in order to enter the certain markets. Therefore, Stock Exchange operation shall reach to the world standard. Also, legal environment must meet with the international standard, including related laws such as tax and payment.

If we win the bid, we will introduce complex solution of technology and clearing system. Major investors will surely be interested in Mongolia if Mongolia hosts Nasdaq OMX technology. Therefore, we are emphasizing technology innovation.
source: The UB Post
Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic