Baku Stock Exchange (BSE) creates necessary conditions for stock exchange participants enabling them to trade securities. The BSE acts as an organizer of trade at stock exchange. The BSE operates on the basis of termless license No AB 044100 issued by the State Committee for Securities (SCS) on 21 July 2000.
According to the BSE charter and the SCS stock exchange standards, the chairman of the BSE Management Board sets trade rules.
The BSE trade rules and the law on SCS operation stipulate that only stock exchange members and ARMB can trade at a stock exchange.
No. Natural persons can only trade through members of the stock exchange.
According to the Law on Securities, only the legal entities with the license that entitles them to operate as investment companies and those who comply with BSE membership rules can become a member. The BSE currently has 14 members.
No. Only the legal entities with an investment company license can apply for membership or become a member.
A foreign legal person with a registered representative in Azerbaijan can become a member under BSE membership rules.
Common and preference shares of an open joint stock companies, corporate bonds, government bonds, notes, currency and commodity derivatives.
Shares of closed joint stock companies, vouchers, orders, currency
No. The Baku Stock Exchange organizes security trades only.
You should contact stock exchange members if you wish to trade securities or buy stocks. A stock exchange member has the right to place orders on trade system and execute transactions on behalf of its customer.
You should contact stock exchange members if you wish to trade securities or buy stocks. A stock exchange member has the right to place orders on trade system and execute transactions on behalf of its customer. Click here to see the list of stock exchange members.
Only the securities offered as part of public offering in line with prospectus.
Daily and monthly bulletins provide data on government and corporate securities traded on stock exchange, as well as the current quotations.
Clearing and settlement is a necessary process that must be executed following the conduction of a transaction (post trade) in order to enable the transaction to be executed. Clearing is a professional activity that ensures mutual execution of obligations of market participants for the exchange of securities and money (availability of securities for the seller and availability of money for the buyer). Settlement is a process of the completion of a transaction, wherein the seller transfers securities or financial instruments to the buyer and the buyer transfers money to the seller. Only netted money and securities settlement are carried out during mutual clearing of obligations.
Clearing and settlement is carried out by the National Depository Center (NDC) that holds a relevant license issued by the SCS. The NDC does clearing and settlement on the basis of real time data received from the BSE on concluded transactions
No. Clearing and settlement is carried out by the National Depository Center, a professional market participant.
According to the trading rules, a trade session starts at 10:00 and ends at 16:00, Monday through Friday, break 12:30 -14:15. No trading is held on official non-working days.
Stocks are traded only with manats, trading of corporate bonds are held in dollars, manats or euroes depending on the currency of issuance.
No. Baku Stock Exchange facilitates trading with securities only.
Baku Stock Exchange facilitates trade and in accordance with the Law on Securities, under no cicumstances the BSE can provide investment advice to market participants.
Issuers wishing to offer its stocks or bonds for trade on stock exchange should apply to be listed on the stock exchange.