Toronto Stock Exchange-listed Erdene Resource Development Corporation (ERD) became the first dual-listed entity on the Mongolian Stock Exchange (MSE) last June.
At the moment, shares of ERD cannot be traded between domestic and international stock markets.
The MSE reported that it is possible to conduct regulated cross-border stock trading as there is no prohibitive provision in the Securities Law of Mongolia.
The Financial Regulatory Commission has received requests for collaboration regarding the development of cross-border stock trading regulations from a number of professional organizations. It is expected that the launch of cross-border stock trading will help to maintain currency exchange rates and improve currency convertibility in the domestic market.
Toronto Stock Exchange-listed Erdene Resource Development Corporation (ERD) became the first dual-listed entity on the Mongolian Stock Exchange (MSE) last June.
At the moment, shares of ERD cannot be traded between domestic and international stock markets.
The MSE reported that it is possible to conduct regulated cross-border stock trading as there is no prohibitive provision in the Securities Law of Mongolia.
The Financial Regulatory Commission has received requests for collaboration regarding the development of cross-border stock trading regulations from a number of professional organizations. It is expected that the launch of cross-border stock trading will help to maintain currency exchange rates and improve currency convertibility in the domestic market.