Based on the resolution no.11 from 2010 by Mongolian Parliament and the resolution no.115 from 2010 by Mongolian Government, State Property Committee, London Stock Exchange Group and Mongolian Stock Exchange (MSE) concluded “Master Service Agreement” in April 2011 for 3 years to develop the market and started the work of reform. Within the framework of the Agreement, one of the many works done for the improvement of market development and regulatory environment is the implementation of the Millenium IT system in Mongolian capital market.

This is an integrated securities trading, clearing and settlement, depository and surveillance system used in over 30 stock exchanges and financial institutions of 20 countries, including London Stock Exchange, Hong Kong Stock Exchange and Clearing, Italian Stock Exchange and Singapore Exchange. It has been operating normally without any technical difficulties since it became fully operational on 02 July 2012.

As the Mongolian Association of the Securities Dealers proposed indirectly to get audited the system by an independent auditing  company  if it qualifies the international standards, MSE accepts this proposal and is ready to be audited by a reliable international firm (Big Four).

 

Public Relations Department

MONGOLIAN STOCK EXCHANGE