Starting 2nd of July, 2012, Mongolian Stock Exchange has successfully migrated to the new trading, clearing, settlement and surveillance platform. As part of the transition, market participants and their clients have stand to benefit from further advantages, including a receipt of one-stop service at the brokerage firm to open not only brokerage dealing and but, in some instances, also bank settlement account with added features, such as interest accrual and client account deposit insurance program.
The number of compliant members as well as the trading volume has increased steadily from day-to-day. Since the new system migration day the total turnover has exceeded over MNT 35.2 billion. Last week alone, the trade turnover reached MNT 17.5 billion. Since the migration, no major issues have been reported on the technical side, and it is being viewed by the analysts that modernization process has been implemented successfully.
As part of new system, the trading day begins with pre-opening auction at 9:40am, followed by regular trading from 10am – 1pm local, which corresponds with 9:40pm - 1am on the East Coast and 6:40 pm - 10 pm on the West Coast of the North America time zone.