Under the MoU, both organisations will focus on dual listings of Kazakh companies in Kazakhstan and London by facilitating access to Kazakh companies through the LSE.
This new partnership comes after an earlier derivatives and index product agreement between LSEG and Borsa Istanbul as well as the launch of trading in Turkish equity index derivatives on the LSEG derivatives market in September.
Speaking at the signing ceremony, attended by UK Prime Minister David Cameron and Kazakhstan President Nursultan Nazarbayev, the CEO of LSEG Nikhil Rathi spoke about the agreement.
“The MoU signed between Kazakhstan Stock Exchange and London Stock Exchange Group heralds an exciting new chapter for Kazakhstan’s capital markets and we are delighted to have been chosen to support KASE in its expansion plans.”
“With 17 Kazakh companies already listed in London, the agreement holds huge potential for future business opportunities between our two exchanges and reinforces London’s position as the leading marketplace for global business,” he added