Avenir Technology launches post trade infrastructure for Astana International Exchange

Avenir Technology Limited (avenir-technology.com), a global developer of post-trade Financial Market Infrastructure solutions, has today announced that it is the provider of post-trade market services to the Astana International Exchange (AIX) in Kazakhstan. Avenir developed both a securities registry and a Central Securities Depository (CSD), along with related FIX trading and post-trade SWIFT messaging, to support this new exchange in the Astana International Financial Centre (AIFC).

AIX has now completed the roll-out of the production versions of the Avenir applications. All ten AIX CSD participants are connected to the Avenir platform, which also offers integrated SWIFT messaging capabilities. Drawing on the wealth of experience held by the Avenir team in establishing new exchanges, the contract includes consulting on the design of the market’s infrastructure, as well as technically supporting the Registry, CSD and connection to NASDAQ for the first five years.

Avenir was founded in 2014, with its first project being the delivery of a warehouse receipt system for the storage, financing and trading of commodities . Since then, the company has expanded its range of financial market infrastructure solutions and operates with a growing number of clients located in both mature and emerging markets across the globe.

Martyn Bain, co-founder and director of Avenir, commented:
“Over the last 4 years, we have been working extensively in emerging markets across the globe to provide them with next generation financial market infrastructure solutions. We are delighted to have been awarded these contracts in Kazakhstan, adding to our existing portfolio of business.”

The Astana International Exchange (AIX) is a regional platform to attract investment to Kazakhstan and the Central Asian Region, linked to the “Belt and Road” Initiative. The role of the AIX is to enable domestic and regional development, through the mobilisation of domestic resources and foreign portfolio flows.

Tim Bennett, CEO of AIX, commented:
“The Astana International Exchange will be an efficient, globally supported exchange platform for both Kazakhstan and the neighbouring countries. To ensure safe and reliable post-trading infrastructure we needed a professional provider of sophisticated technologies that could be tailored to meet our requirements. We are glad that in partnership with an experienced supplier of technologies for exchanges we are ready to start operations on AIX.”