Republican Stock Exchange “Toshkent” to Launch Specialized Platform for Foreign Securities

Republican Stock Exchange "Toshkent" to Launch Specialized Platform for Foreign Securities

Republican Stock Exchange Toshkent Posted

The Republican Stock Exchange Toshkent(RSE) has approved the creation of specialized trading platforms for foreign securities and foreign currency-denominated bonds, marking a significant step in the modernization and internationalization of Uzbekistan's capital market.

The decision was adopted during an extraordinary general meeting of shareholders held on February 20, 2026.

Key Developments

Shareholders approved a comprehensive package of measures aimed at strengthening the exchange's infrastructure and expanding market access, including:

• Launch of dedicated trading platforms for foreign equities and foreign currency-denominated bonds;

• Full redevelopment of the RSE official website;

• Replacement of core trading, clearing, brokerage, and market supervision software systems;

• Development of functional and technical requirements for the new systems, followed by a Request for Information (RFI) process to identify potential technology suppliers.

Strategic Modernization of Market Infrastructure

The initiative represents a significant infrastructure upgrade designed to enhance operational efficiency, transparency, and investor confidence. By introducing specialized platforms for foreign securities, RSE aims to broaden investment opportunities for domestic participants while facilitating greater integration with international capital markets.

The modernization of trading and post-trade systems is expected to improve market supervision, streamline clearing and settlement processes, and strengthen overall system reliability. The upcoming RFI process will allow the exchange to assess global technology providers and adopt solutions aligned with international best practices.

Supporting Uzbekistan's Capital Market Reform Agenda

These measures align with the December 2025 presidential decree focused on accelerating capital market development and strengthening Uzbekistan's financial sector competitiveness.

The reforms are expected to significantly enhance the country's investment attractiveness and support the objective of attracting at least USD 1 billion in new investments. Expanding access to foreign securities and foreign currency instruments may also contribute to greater market depth and diversification.

Strengthening Regional Integration

The planned launch of foreign securities trading platforms signals RSE's intention to position itself as a more internationally connected marketplace. By improving infrastructure and broadening product offerings, the exchange continues its efforts to foster a more transparent, efficient, and globally competitive capital market environment.

This development marks another important step in Uzbekistan's broader economic reform agenda and reinforces the role of the capital market as a key driver of sustainable growth.