A New Exchange in Mongolia Launches ETF Trading

The Ulaanbaatar Securities Exchange has stepped up its operations in the capital, becoming the country’s first private stock exchange named after the city. Established in 2015 after receiving a license to trade and settle financial instruments, the exchange has steadily modernized its operations and studied international best practices. This marks another step toward expanding investment opportunities in Mongolia’s economy.

Recently, the exchange broadened its range of financial products by launching ETF trading. Exchange traded funds are investment portfolios that typically include a wide range of stocks and other assets and are traded on global exchanges as a single instrument.

Through a single transaction, investors can now gain exposure to a portfolio of 101 stocks listed on NASDAQ, with settlements carried out in Mongolian tugrik and under competitive commission conditions.

Trading on the Ulaanbaatar Securities Exchange takes place from 09:00 to 16:00. In terms of service format and commission structure, it differs from traditional stock markets, strengthening competition within Mongolia’s capital market.

Experts believe that the growing activity of private exchanges will have a positive impact on the development of the national stock market.

In addition, Most Fintech is developing its own national electronic infrastructure. The company’s IPO is being conducted through this exchange from December 1 to December 7. This will become the first IPO on the platform and a signal for further public offerings.

At present, 27 brokerage firms have joined the exchange and can participate in trading on behalf of their clients using existing centralized securities custody accounts.