(Banking Business Review) – Tehran Stock Exchange (TSE) and Kazakhstan Stock Exchange (KASE) have signed a Memorandum of Understanding (MoU) which aims at strengthening and widening cooperation between the two exchanges.

The two exchanges aim to strengthen and widen cooperation, especially in the areas of technology, launching new products, reporting and information dissemination procedures, market making, exchange of information and/or experts, preparing environment for participating two markets brokers in each other markets.

In addition, the MoU also intends to spread awareness of the legal infrastructure available in both markets, as well as investment opportunities.

The MoU will ensure a periodic exchange of information between the two exchanges and encourage collaboration between brokers in both markets.

The MoU will serve as a basis for performing mutual training courses for both exchanges’ experts and other market participants, such as brokers and investors.

Prior to KASE, TSE has signed MoUs with the exchanges of Malaysia, Indonesia, South Korea, Cyprus, Syria and Lahore.