The Naaklik Stock Exchange


Vital Statistics


Location:                       Kiata starsystem, Naaklik Empire 
Founded:                       1508 
Key Owner:                   Dozchtva Exchange, Rutak Empire (49%, largest shareholder)
Key people:                   Sito Anber, Founding Chairman 
Currency:                      Naaklik Giryvni (NG) 
Indices:                          NSX Index
Avg. No. of listings:   181 billion

Kiata Starsystem


   The Naaklik Exchange was the largest stock exchange in the Naaklik Empire. The exchange was located in the Kiata starsystem and accounted for three-quarters of Naaklik's equity trading volume. The Exchange was founded in 1508, and its premises were situated in the Crescent Tower station orbiting Kiata 7.

History


   In 1508 the largest participants of the Naaklik securities market signed a  memorandum of understanding with the Rutak Stock Exchange to create a new exchange in the form of an open joint-stock company in Kiata starsystem.  Later that year the Regulatory Commission of the Naaklik Empire granted the Naaklik Exchange a license for stock trading.

   The mission of the Naaklik Exchange was to increase the competitiveness of Naaklik financial markets and to attract not only alien but also the domestic capital to the Naaklik economy. The Exchange opened in 1509 with over 80 million stocks of Naaklik issuers admitted to the exchange. In 1610 the Naaklik Exchange began a derivatives market. The first traded instrument was a futures contract on the NSX Index. By 1945, 160,000 professional brokerage companies were registered with the exchange. In 2013 the Naaklik Exchange launched trading in options contracts.

Government Bonds Market


   The Naaklik Exchange offered government bonds for Naaklik and 37 alien empires. Order prices were quoted as a percentage of the bond’s face value. All orders submitted to the order datacore were binding offers. When a trade was executed, its value included the accrued interest calculated for the specified final settlement date. To trade government bonds, exchange members had to have at least at least one registered customer code or proprietary trading code linked to an account in the Depository Bank of Naaklik.

Derivatives Market


   The derivatives market on the Naaklik Exchange was launched in 1910. It operated on the trading platform provided by Rutak Trading System with its proven collateral system and Central Counter-party guarantees.

Privatization Auctions



   The Naaklik Exchange traded in blocks of stocks of open joint stock companies through privatization auctions in accordance with "Provisions on the order for sale on the exchange stocks of the open joint stock companies owned by the Naaklik government.” The Government Property Fund of Naaklik acted as a Seller, and both legal entities and individuals could, in accordance with Naaklik law, acquire government property at auction.

The Naaklik Exchange collapsed in the 38th century as a result of the economic pressure of the losses sustained by the Rutak Empire and by extension the Dozchtva  Stock Exchange during the cybernetic rebellion. 

END TRANSMISSION



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