OREANDA-NEWS. October 30, 2009. The Board of Kazakhstan Stock Exchange (KASE) assigned Subsidiary Bank Sberbank Rossii (Almaty) with a Russian ruble market maker status on the basis of its request beginning November 2, 2009, reported the press-centre of KASE.

KASE internal document "Russian ruble market maker specification" (Appendix 3-2 to the Rules on market maker activities) set, at presence of a Russian ruble market maker on the exchange trading in the currency, firm quotes thereon shall be set solely by market makers. Other traders may conclude deals in the ruble solely based on quotes set by the market maker.

Accordingly, beginning November 2 all ruble traders will be able to conclude deals solely based on quotes of Subsidiary Bank Sberbank Rossii, which, in its turn, is obliged during trading to maintain at least one firm quote for sale and one firm for purchase of the ruble with spreads and volumes set with the Specification.

Earlier KASE released related news on July 13, 2009 "AFS accords amendments to the Russian ruble market maker specification" at http://www.kase.kz/en/news/show/1078407

Тhe text of the Specification is available at the KASE website at
http://www.kase.kz/files/normative_base/mm_rur.pdf