Bourse

Bourse

Azerbaijan ensures direct electronic communication among stock market participants

30 July 2009 13:49 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Within the framework of projects supported by the Islamic Development Bank to develop the securities market in Azerbaijan, it is planned to improve the use of modern information technology and establish direct electronic communication among the National Depository Center, Baku Stock Exchange and brokerage firms.

New software developed by the National Depository Center, is expected to accelerate the circulation of securities transactions, reduce risks, gradually eliminate the transaction on paper and implement an electronic workflow between the professional actors.

The NDC has begun to familiarize brokers with the new software.