The London Stock Exchange (LSE) has partnered with the Mongolian State Property Committee (SPC) to restructure and develop the Mongolian Stock Exchange (MSE). LSE will hire a management team at the MSE to manage its development and privatization. The London exchange will also advise the SPC on the modernization of market rules, procedures, structure and operation at the MSE. LSE’s MillenniumIT will offer trading and surveillance infrastructure to the MSE, while LSE will provide assistance in the broadening of tradable asset classes at the MSE to derivatives and ETFs.
Click here for the release from London Stock Exchange.