Kazakh broker Paidax obtains ITS trading participant status

Kazakh broker Paidax obtained the status of a trading participant on the international platform ITS on Aug. 5, 2024. Paidax will offer all its clients the opportunity to trade international securities on ITS within a month.

The Paidax investment platform combines social networking elements with traditional investment tools, creating an interactive space for investors of all levels. Paidax enables users to invest in foreign securities and share their investment ideas with the community.

Key features of the Paidax investment platform:

• Investing:
  Convenient and secure access to a wide range of investment assets.
• Academy:
  Enhancing financial literacy through structured courses that help users master investment fundamentals and develop capital management skills.
• Social Interaction:
  The ability to follow successful investors, track their investment ideas and decisions, and exchange opinions and experiences through a built-in blog.

"Obtaining ITS trading participant status confirms our commitment to providing clients with the best investment services. We have integrated ITS technologies into our products so clients can capitalise on investment opportunities in any market situation. ITS's Smart Order Routing and Best Execution provide access to the full depth of liquidity in the foreign securities market. Thanks to ITS, we offer minimal commissions, ensuring favourable conditions for our clients. Now, investors can easily and conveniently diversify their portfolios, expanding their investment horizons," said Beksultankhozha Anuarov, CEO of Paidax.

ITS offers more than 1,800 international securities, including 191 ETFs, as well as stocks and depositary receipts. The international securities offered by ITS are part of major global indexes such as the Dow Jones Industrial Average, Nasdaq-100 and S&P 500, covering 69 sectors of the global economy.

The trading session on ITS lasts nearly 18 hours, from 10:00 AM Astana time to 3:45 AM the next day (05:00 – 22:45 UTC ). This extended trading session allows investors to manage their portfolios effectively, responding promptly to corporate and economic events.

Securities settlements are conducted on the next trading day (T+1). The ITS trading calendar is synchronised with those of NASDAQ and NYSE.

"We welcome the clients of the innovative new broker Paidax, who will gain access to a wide range of investment instruments of the global financial market that are traded on ITS, thanks to a professional team. We thank the Paidax team for productive cooperation in integrating ITS technologies into their investment services, marking the beginning of Paidax’s large-scale retail strategy," said Chingiz Kanapyanov, Chairman of the ITS Management Board.

 

About Paidax

Paidax is a fintech company licensed by the AIFC to conduct brokerage activities. The company offers services to both residents and non-residents of the Republic of Kazakhstan through its own mobile application, providing convenient and secure access to investment opportunities. Paidax's trading commissions start from 0%, making investments accessible to everyone. The company's primary goal is to attract novice investors to the stock market, uniting them in one community on its platform to create a generation of investors.

 

About ITS

ITS is an international liquidity hub. Central to ITS's business model are the principles of best execution and smart order routing technology. These principles enable investors to execute securities transactions at the best prices available on the global financial market, regardless of the transaction volume. This technology ensures that the liquidity for foreign securities on ITS matches that of leading international platforms where these securities are traded.

ITS Central Securities Depository Limited, the central depository for ITS, offers depository services for the storage and settlement of securities.

Operating a clearing house that acts as a Central Counterparty, ITS assumes the counterparty role for all obligations of clearing participants and manages the clearing process for transactions on the ITS trading platform.

ITS also calculates its own indexes: the ITS World index (ITSW) and the ITS Shariah index (ITSS).

ITS's direct clients include professional securities market participants from Kazakhstan and other countries, such as financial intermediaries who are accredited and directly registered at the AIFC. Investors, both private individuals and legal entities, access trading through these financial intermediaries, such as brokers and banks.

 

ITS Press Service
pr@itsx.kz