Modernization of Securities Market in Kazakhstan
Zhibek M. Omarkhanova, Lyazzat R. Esbergenova, Zhanna A. Makisheva, Galia K. Kishibekova
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The purpose of this research is to study the Kazakh securities market and to consider technologies that could theoretically improve securities market of Kazakhstan. Securities market is an indispensable tool of economic development, purchase and sale of securities. The problem is that in the post-Soviet countries, including Kazakhstan, securities market is characterized by low credibility and outdated technologies. Research methodology is based on economic theory, banking, risk theory and economic security. The authors used several general scientific methods - analysis and synthesis, the ascent from the abstract to the concrete. In addition, the paper was also based on economic and statistical methods, methods of abstract-logical reasoning. Research findings testify to the fact that improvement of the Kazakh securities market demands creation of a wide range of companies, professional managers of commercial real estate, technological and functional improvement of market infrastructure, introduction of new market participants; new types and forms of securities; globalization and availability of any securities market for investors. Moreover, the Kazakh securities market required computerization based on the latest computer technologies and their permanent and synchronous update with the view of providing efficient and reliable innovation.


This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Article Type: Research Article

INT ELECT J MATH ED, Volume 11, Issue 7, 2016, 2047-2056

Publication date: 01 Sep 2016

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Article Downloads: 4046

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