Kazakhstan's ITS exchange wants to launch trading in ETF shares for Indian stocks by end of year

ASTANA. Sept 3 (Interfax) - The Kazakh ITS exchange plans to start trading in single-stock ETF shares (funds tracking the performance of individual stocks) for Indian securities by the end of 2025, the exchange's press service said.

"The Indian market is very closed. There are only a few ways to connect international participants. In our region, this will be the first case of providing access to the Indian market," a member of the ITS board of directors, Roman Goryunov, was quoted as saying.

In the near future, single-stock ETF shares for stocks listed in the U.S. will also be available to trading participants, the press service said.

The ITS international trading platform, which is located in the jurisdiction of the Astana International Financial Center (AIFC), began operating in Kazakhstan in June 2023. The trading platform does not work with Russian brokers and securities.

Investors can trade more than 3,000 stocks and depositary receipts that are listed in the U.S. on the NYSE and NASDAQ exchanges.