Uzbekistan’s UzEx exchange and Kyrgyzstan’s EVDE have agreed on cross-exchange cooperation.
Why It Matters
Local exchanges find it difficult to compete for liquidity on their own. Merging platforms or creating direct cross-access lowers barriers for investors and corporate participants.
The direct integration of neighboring exchanges creates a regional counterweight to global trading platforms and helps retain capital within Central Asia.
For Uzbekistan’s UzEx, this is a logical continuation of its strategy to expand beyond the national market. For Kyrgyzstan’s EVDE, the partnership opens up the opportunity to multiply trading volumes through Uzbek businesses.
What’s Next
The exchanges now need to determine the exact mechanism of interaction. Key questions include exactly how clearing will take place, the timeframe for completing the technical integration of the platforms, and which specific instruments will become available first.
