MSE RENEWS ITS SCHEDULE OF STOCK TRADE

Ulaanbaatar, Mongolia /MONTSAME/ The Mongolian Stock Exchange (MSE) reported on Monday that it has renewed the schedule for stock trade pursuant to an order of the executive director in conjunction with installing and utilizing the Millennium IT system. By the new schedule, the trade of shares will be held from 10.00 am to 1.00 pm everyday, and it got in force from Monday. Previously, the trade of shares was held on weekdays between 11.00 am and 12.00 pm. In April of 2011, the MSE signed an agreement on master services with the London Stock Exchange (LSE) on three-year period. According to this agreement, the Millennium IT trading system which is used in over 30 giant stock markets and in trading centers of 25 countries was to be installed. This system has some advantages such as capability of expanding the capacity and demand of information transmitting speed, simplifying manual actions, automatically processing data and freely transmitting them between the systems and foreign information agencies. B.Khuder