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AIX Block Trades in Kazakhstan

Block-trade financing and discreet execution for large lines listed on Astana International Exchange (AIX) — Kazakhstan principal cash-equity venue.

01 · The Market
Asia

About Astana International Exchange.

Astana International Exchange is the principal cash-equity venue of Kazakhstan. Founded in 2018, it operates under the oversight of Astana Financial Services Authority (AFSA), and its leading benchmarks are AIX Qazaq Index. Listing standards are set out in the AIX Business Rules; AIFC Market Rules.

The exchange of the Astana International Financial Centre, operating under an English-common-law framework and trading principally in US dollars. A bridge venue for Central Asian and Kazakh sovereign-linked listings.

02 · Eligibility
For Institutional Positions

What qualifies on AIX.

AIX is a growth market whose single-stock volatility, free-float distribution and (in places) foreign-ownership limits weigh heavily on eligibility.

For any given AIX position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).

03 · Disclosure
AFSA

Framework cited on AIX.

The principal regulatory reference on AIX is Disclosure of major shareholdings under the AIFC Market Rules and the AIX Business Rules. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

See the full process →

04 · FAQ
AIX · Block Trades

What holders ask about AIX.

01How is a block printed on AIX?
The block is negotiated off the order book and then reported to Astana International Exchange under its rules. The structure preserves discretion until the print.
02Which AIX segments do you handle?
All principal segments Astana International Exchange runs: Main Market; Mixed Market. The more liquid tiers are simpler to execute.
03Does large-holding disclosure apply?
Depending on the size and the seller’s standing, yes — under Disclosure of major shareholdings under the AIFC Market Rules and the AIX Business Rules. We manage the timing and wording.
05 · Other Venues
Kazakhstan

Other venues.

Hong Kong · Japan · China · South Korea · Taiwan · Singapore

Kazakhstan overview →

A particular AIX holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.