Baku Stock Exchange Plans to Expand International Access and Market Products

Ruslan Khalilov, Chairman of the Management Board of the BSE, discussed plans for the exchange during the Azerbaijan International Investment Forum in Baku. He stated that the Central Bank of Azerbaijan is working on new legislation to govern the securities market. This new framework is expected to cover various investment products, different classes of shares, and derivative financial instruments. A key proposal is the introduction of remote membership for foreign brokers, allowing direct connections to the BSE trading platform without needing a physical office in Azerbaijan.

These developments aim to expand the scope of the market operating in Azerbaijan. The BSE is also working toward enhanced cross-border cooperation with Central Asian countries and the creation of a common market database.