New Securities Trading System launched in Azerbaijan

The Securities Trading System (BETP) and the Central Depository Platform (CEDAR), created by the Baku Stock Exchange, the National Depository Center and the US company Montran, one of the leading corporations in the field of financial technologies, have been launched, Report informs referring to the Baku Stock Exchange.

The new systems allow efficient management of business processes carried out with securities. These systems are built according to best practices and ISO 20022 standards.

“The BETP trading system, the CEDAR Central Depository Platform will play an important role in improving the infrastructure of Azerbaijan’s capital market and the sustainable development of the country’s securities market. Through the BETP trading system, it will be possible to buy and sell securities in real time, and carry out repo transactions,” reads the statement.