LSEG signs strategic partnership with Mongolian Stock Exchange

The London Stock Exchange Group (LSEG) and the Mongolian State Property Committee (SPC) have signed an exclusive Strategic Partnership Agreement to restructure and develop the Mongolian Stock Exchange (MSE).

‘We are thrilled to have been chosen to partner with the Mongolian Stock Exchange as it enters a new and exciting period in its development. Mongolia is predicted to become one of the world's fastest growing economies and we are delighted to be providing our extensive expertise and assistance at this critical time,’ said Xavier Rolet, chief executive of LSEG.

‘The London Stock Exchange Group is very much looking forward to working with business, government and the people of Mongolia in the growth and privatisation of its significant capital markets,’ he added.

The Mongolian State Property Committee, which owns the MSE which is celebrating its 20th anniversary, said global and technological expertise will be invaluable to the creation of a new capital markets infrastructure worthy of Mongolia’s increasing significance on the world stage.

Under the agreement LSEG will collaborate with the SPC in a number of areas, including a management team at the MSE to oversee its development and privatisation and trading and surveillance infrastructure through LSEG's MillenniumIT, the leading global exchange technology provider.

Using the LSEG Academy, both parties will conduct a comprehensive training programme on capital markets infrastructure and legislative framework for MSE officers, clients and officers of the Mongolia Financial Regulatory Commission.

LSEG will advise the SPC on the modernisation of market rules, procedures, structure and operation at the MSE, provide assistance in the broadening of tradable asset classes at the MSE, to derivatives and ETFs and work to implement an international standard Mongolian market index.