UzReport.uz --- In the framework of the joint project on modernization of securities market of Uzbekistan, over the first quarter the Korean Stock Exchange (KRX) has completed the supply and installation of server and telecommunication equipment for establishment of Single software-technical complex for the stock market of Uzbekistan, the press service of the Center for coordination and development of securities market said.
System testing acceptance (STT) of the complex has been started since 16 May, which includes training to work with IT Center systems, and conducting test operations, as well as a simulation of securities trading.
Currently, the KRX specialists completed work on the development of specialized software, which includes trading, clearing, depository and supervisory systems. In addition, work is underway on the creation of new official website of the RSE "Tashkent", which meets all modern requirements.
The project on establishment of the Single software-technical complex for the stock market of Uzbekistan has been under way in accordance with the decree of the President of the Republic of Uzbekistan dated March 19, 2012. According to the document, the KSE has to complete the project on a “turnkey” basis, while it receives a state block of shares of the Republican Stock Exchange "Toshkent" in the amount of 25% minus one share.
In order to ensure timely and quality implementation of the project, the authorized capital of the RSE "Tashkent" in 2012 has been increased from 1 billion to 45 billion soums, at the expense of the transfer of the property complex of the Republican exchange center, and distributed between the State competition committee (75% share) and the four largest banks of Republic (NBU, People's Bank, UzPSB and Asaka Bank). The administration of the complex is carried out by the Information resource center of the stock market that was established in 2015.