Mongol Securities Exchange and GrapeCity Mongolia LLC signed a memorandum of understanding

Mongol Securities Exchange JSC and GrapeCity Mongol LLC signed a memorandum of understanding.

September 19, 2021, Ulaanbaatar - Mongol Securities Exchange JSC (hereinafter “the Exchange”) and GrapeCity Mongol LLC (hereinafter “GCM”) signed a memorandum of understanding.

On September 17, 2021, the Exchange launched the UBX, a powerful trading platform that provides international market participants with fast, hassle-free, and reliable services that meet international standards. The UBX platform is a flexible, integrated system that can be directly connected to the infrastructure systems and other professional organizations, creating new opportunities in the securities market.

In partnership with GCM, this robust platform allows investors to purchase securities from the UBX platform without opening an additional account through the Ard App. This e-solution has the advantage of allowing all participants, from professional securities market participants to beginners, to invest simultaneously, creating value for all stakeholders.

GrapeCity Mongol LLC was established in 2000 and specializes in developing banking and payment solution software and is a market leader in this field. Of the 12 commercial banks in Mongolia, 11 use GCM software products, and nine banks operate on the basic banking registration system developed by GCM. Since 2019, the company has provided internationally competitive software to securities companies that are professional participants in the Mongolian securities market. Mongol Securities Exchange JSC was established on May 1, 2015. It has successfully operated in the securities market since it was licensed by the Financial Regulatory Commission to conduct securities trading and clearing activities.

Mongol Securities Exchange JSC

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“Mongol Securities Exchange” JSC

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