The State Property Committee of Mongolia, Mongolian Stock Exchange and London Stock Exchange Group have signed the “Master Service Agreement” on April 7, 2011 and started the implementation of capital markets reform initiative for the purpose of developing Mongolian capital markets in line with international standards.
     Pursuant to the ‘Strategic Partnership Agreement’, the ‘Millennium IT’ integrated trading, clearing, settlement, depositary, and surveillance system went live on July 2, 2012 and its official launching ceremony took place on December 17, 2012.
     Prime Minister N.Altankhuyag opened the ceremony and wished for more capital prosperity for Mongolians, followed by ceremony ribbon-cutting along with David Lester, Group Strategy Director of LSEG, M.Batgerel, Chairman of MSE and Head of Structural Reform Policy Implementation Department, B.Daajamba, Deputy Chairman of FRC and Kh.Altai, CEO of MSE and opened the trading of December 17, 2012. At the end of ceremony, the Prime Minister signed on the “Honored Guests Note” of MSE.
     During the ceremony, head of reform government N.Altankhuyag, pointed out the emerging opportunity for each Mongolian citizen to benefit from the capital markets that possessed weak position within the financial sector, and that the Mongolian stock exchange which now operates in new market infrastructure in line with international standards is the second wave of development and a great venue for individuals and entities to increase their wealth.
     The reform initiative has been well-evaluated and concluded by Mr. David Lester, Group Strategy Director at LSEG, that it was a significant achievement to set up a new market infrastructure in only 18 months in Mongolia which normally took many years in other places.
      Members of MSE board, D.Sugar, former Chairman of State Property Committee, B.Erdenebulgan, Deputy Minister of Mining, Julian Pierce, Delegate of Embassy of United Kingdom, high officials from LSEG, Millennium IT team, delegates from brokerage companies and other related officials were present at the Ceremony.