On 11 September 2015, Mr. Angar Davaasuren, Acting CEO of MSE, received an official letter from Mr. Christopher Woods, Managing Director of Governance Policy of FTSE Group, a global leader provider of stock market indices and associated data services.
According to the official letter, the FTSE Russel Governance Board has determined to retain Mongolia on the FTSE Watch List for a further year and review the possible inclusion of Mongolia as a Frontier market at the next annual review in September 2016.
To be included as FTSE Frontier Market, MSE needs to introduce custodian services, upgrade the security settlement process, improve liquidity, introduce security lending /short sell, stock lending/ and introduce derivative market and off-exchange transaction into the Mongolian capital market.
Note: The FTSE Group operates 250,000 indices including real-time indices calculated across 80 countries in the world, and there were 76 Capital market well developed countries out of 168 graded by FTSE Group.
According to the official letter, the FTSE Russel Governance Board has determined to retain Mongolia on the FTSE Watch List for a further year and review the possible inclusion of Mongolia as a Frontier market at the next annual review in September 2016.
To be included as FTSE Frontier Market, MSE needs to introduce custodian services, upgrade the security settlement process, improve liquidity, introduce security lending /short sell, stock lending/ and introduce derivative market and off-exchange transaction into the Mongolian capital market.
Note: The FTSE Group operates 250,000 indices including real-time indices calculated across 80 countries in the world, and there were 76 Capital market well developed countries out of 168 graded by FTSE Group.
Marketing and Public Relations Department
MONGOLIAN STOCK EXCHANGE
MONGOLIAN STOCK EXCHANGE