As the Millennium IT System was introduced to the Mongolian capital market in 2012, it enabled online trading, real-time market surveillance and introduced new types of orders and trades into the market.
Prior to 2013, investors placed their orders only by telephone or in person at brokerage company, but the new system now allows investors to participate in the trading by all types electronic devices such as a smart phone, computer and tablet. For instance, 32.5 percent of traders (non-recurring) participated trading on Mongolian Stock Exchange by online in 2019, while, as of March 2020, 49.2 percent of traders (non-recurring) participated by online trading through 8 securities companies, which shows a dramatic increase in such a short of time.
Online trading improved the market efficiency by reducing time and costs associated with the investment in the market and Mongolian Stock Exchange is working towards improving the market liquidity and return on investment by commissioning other functions of the system.
MONGOLIAN STOCK EXCHANGE