NASDAQ, NYSE express willingness to actively participate in the Uzbek stock market transformations

The US stock exchanges NASDAQ and NYSE expressed their willingness to take an active part in the transformation of the Uzbek stock market, the news agency Dunyo reports.

At NASDAQ, one of the world's largest stock exchanges, negotiations were held with its Vice Chairman Meyer Frucher and the Vice President of the site Joel Kazis.

According to the vice-president of NASDAQ, the main factors that should ensure the capital market development in Uzbekistan are the diversification of stock trading instruments and the security of the stock market infrastructure. These two factors are primarily taken into account by investors when entering foreign markets.

Representatives of the American Stock Exchange expressed their willingness to promote the introduction of smart technologies to monitor and study the state of stock markets, modernize the technological potential of Uzbekistan’s stock exchanges, and provide advice on how Uzbek companies enter international securities markets. Following the talks, a memorandum of understanding was signed between the RSE “Toshkent” and NASDAQ.

At the main and oldest stock exchange of the United States - the New York Stock Exchange (NYSE), the delegation of Uzbekistan took part in the official opening ceremony of exchange trading, witnessing the bell ringing the start of the exchange.

A meeting was also held with the Vice-Chairman and Chief Commercial Officer of the New York Stock Exchange John Tuttle.

The main subject of the talks was cooperation on Uzbekistan’s capital market development and discussing the prospects for the withdrawal of state-owned and privatized enterprises in the country from among the most profitable and large corporations to the US stock market.

Representatives of the NYSE expressed their willingness to take an active part in the transformation of the Uzbek stock market by attracting resources, technology and management of the New York Stock Exchange, as well as to facilitate the entry of shares of Uzbek companies to American stock markets.