Mongolian Securities Exchange officially begins trading

The American Chamber of Commerce in Mongolia

2017-12-06 11:10 GMT+8

The Financial Regulatory Committee (FRC) announced that the first private exchange on the Mongolian Securities Exchange (MSX) took place on December 4, marking the beginning of official primary market trading.

The FRC gave the MSX a special grant in 2015 to enhance its capacity for payment clearance and settlement for entities. The FRC registered 78.1 million shares, valued at 1.0 MNT per share, for securities registration and allowed the MSX to offer 66 percent of the shares for an IPO.

The first trade on the MSX was expected to generate 1.6 billion MNT in financing, but exceeded the projection by 186 percent. The MSX began secondary market trading on November 10, 2017.

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