The Mongolian Stock Exchange has a new brother. The new organization named the “Mongol Securities Exchange” is starting its operation on the Mongolian stock market. This company will operate the exchanges of primary and secondary securities. In other words, their operation will be same as that of the Mongolian Stock Exchange.

The Mongol Securities Exchange obtained permission from the Financial Regulatory Committee last July. To date, around a dozen brokerage companies have joined the Mongol Securities Exchange. Other brokerage companies have also expressed their intention of participating. In addition, two companies have requested to launch IPO’s.

The manager has said that they will work to develop the Mongolian securities market and stock market. An event marking the opening of the “Mongol Securities Exchange” took place on last Wednesday at 14.00pm in the “GB Plaza”.

source:http://www.news.mn/r/304032