Mongolian Stock Exchange Extends Partnership with London Stock Exchange Group
London Stock Exchange Group (LSEG) and the Government of Mongolia today announced they have signed an extension to their strategic partnership agreement between LSEG and the Mongolian Stock Exchange (MSE). The agreement, signed by Chultem Ulaan, Mongolian Finance Minister and Xavier Rolet, CEO, LSEG, will extend LSEG’s partnership with the MSE by a further three years and allow the two companies to build on the progress achieved to date.
In 2012, The Mongolian Stock Exchange successfully migrated to the new MillenniumIT trading, market surveillance and depositary platform, marking the culmination of a 14-month project to modernise the country’s capital markets infrastructure. In addition, LSEG has developed a wide-ranging education programme for market participants and worked with the Mongolian government to re-draft the country’s capital markets regulations and securities law.
Xavier Rolet, CEO London Stock Exchange Group said:
“I am delighted to welcome Chultem Ulaan, the Mongolian Finance Minister to London Stock Exchange to open trading this morning. The Ceremony is a symbol of our very close relationship with Mongolia and reflects our successful partnership with the Mongolian Stock Exchange. The extension of our partnership underlines the significant interest in London in working with Mongolia to help the country realise its exciting potential. We look forward to the future and continuing to partner with Mongolia.”
Chultem Ulaan, Finance Minister of Mongolia said:
“We are delighted to have London Stock Exchange Group as our strategic partner in the ongoing modernisation and development of the Mongolian Stock Exchange. We aim to transform MSE into a world-class market with international best practices and standards over the next three years. With the global business and technological expertise of London Stock Exchange Group, we will achieve this goal.”
As part of the extended agreement, LSEG will work with MSE on several new areas including Post Trade infrastructure, FTSE Index development and we will investigate opportunities for trading new products and asset classes, including commodity derivatives and FX.