BSE applies e-reporting system

The Baku Stock Exchange (BSE) informs that from now on for the purpose of improvement of the reporting system and enhancement of the electronic document circulation at the stock exchange the reports on the bids placed and transactions concluded by the members of the stock exchange can be directly obtained from the BSE's trading system via remote workplaces, BSE said today.

Since May 14 three members of BSE have already been connected to the electronic reporting system of the stock exchange. All other members are expected to be linked to the new feature till the end of the current week.

Only local organizations may be members of the exchange. The BSE has 16 members. Membership fees at the BSE hit 60,000 manat.

At present, the BSE has 19 shareholders, including the Istanbul Stock Exchange. The BSE authorized capital is 1.2 million manat.


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