National Bank of Kyrgyz Republic, Automated securities trading, forex and money market system

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National Bank of Kyrgyz Republic, Automated securities trading, forex and money market system

National Bank of Kyrgyz Republic

Automated securities trading, forex and money market system

On June 25, 2013 National Bank of Kyrgyz Republic launched Automated Securities Trading, Forex and Money Market System (ATS).

ATS is based on DEPO/X product which is CMA Small Systems AB hybrid solution offering full functionality of Central Securities Depository (CSD) and Automated Trading System. DEPO/X hybrid solution installed at NBKR has the following modules:

  • Central securities depository;

  • Securities trading platform;

  • Forex module;

  • Money market module.

    Due to its online integration with Real-Time Gross Settlement system DEPO/X provides true Delivery versus Payment (DvP) model settlement for the trades.

    DEPO/X is compliant with World Bank and BIS principles and recommendations regarding securities settlement and payment systems thus allowing the mitigation of all types of related risks. DEPO/X significantly reduces or even totally avoids all types of risks related to payment systems (legal, operational, financial, security and systemic).

    Status: The system went into live operation in June 2013 according to the project schedule.

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