Republican Stock Exchange "Toshkent"

The Republican Stock Exchange "Toshkent" is the principal infrastructure institution of the organized securities market in the Republic of Uzbekistan. It provides market-based mechanisms for raising capital for both the public and private sectors, serving as the country's central marketplace for securities trading.

The Republican Stock Exchange "Toshkent" was established pursuant to the Presidential Decree of the Republic of Uzbekistan dated 21 January 1994, "On Measures for Further Deepening Economic Reforms, Ensuring the Protection of Private Property and Promoting Entrepreneurship," and Resolution No. 36 of the Cabinet of Ministers of the Republic of Uzbekistan dated 26 January 1994. The Exchange officially commenced operations on 8 April 1994.

The establishment of the Exchange was closely linked to the country's economic reforms, the privatization of state-owned assets, and the transformation of state enterprises into joint-stock companies, laying the foundation for the development of Uzbekistan's national capital market.

Over the years, the Exchange has continuously strengthened the country's capital market infrastructure by introducing an electronic trading system, developing the listing framework, and modernizing its trading infrastructure in line with international standards. A significant milestone in this process was the implementation of a modern electronic trading platform in cooperation with the Korea Exchange (KRX).

Today, the Exchange organizes trading in equities, corporate bonds, mortgage-backed bonds, and other financial instruments permitted under the legislation of the Republic of Uzbekistan. It also provides the market infrastructure necessary for conducting IPOs and SPOs, supports the development of the corporate bond market, and facilitates the introduction of new financial instruments.

The Republican Stock Exchange "Toshkent" is a member of the Federation of Euro-Asian Capital Markets (FEAS) and maintains cooperative partnerships with the Korea Exchange (KRX), Frankfurt Stock Exchange, and Borsa İstanbul. These partnerships contribute to the enhancement of trading technologies, the adoption of international best practices, and the further integration of Uzbekistan's capital market into the global financial system.

Today, the Republican Stock Exchange "Toshkent" serves as a strategic financial institution, facilitating investment into the national economy, expanding market-based financing opportunities for companies, and supporting the sustainable and competitive development of Uzbekistan's capital market.