![Martyn Bain, co-founder and director of Avenir](https://theindustryspread.com/wp-content/uploads/2018/11/Martyn-Bain-co-founder-and-director-of-Avenir.jpg)
Post-trade Infrastructure solutions developer Avenir Technology Limited has partnered with the Astana International Exchange (AIX) in Kazakhstan to provide support for securities registry, Central Securities Depository (CSD), and FIX trading and post-trade SWIFT messaging.
The exchange located in the Astana International Financial Centre (AIFC), has completed the roll-out of the production versions of the Avenir applications and ten AIX CSD participants are already connected to the Avenir platform.
Avenir will also serve as a consultant on the design of the market’s infrastructure, as well as technically supporting the Registry, CSD and connection to NASDAQ for the first five years. NASDAQ powers the AIFC Exchange since late 2017 with its Matching Engine, the most widely-used matching engine in the world.
Martyn Bain, co-founder and director of Avenir, commented: “Over the last 4 years, we have been working extensively in emerging markets across the globe to provide them with next generation financial market infrastructure solutions. We are delighted to have been awarded these contracts in Kazakhstan, adding to our existing portfolio of business.”
![Tim Bennett, CEO of AIX](https://theindustryspread.com/wp-content/uploads/2018/11/Tim-Bennett-CEO-of-AIX.jpg)
Tim Bennett, CEO of AIX, commented: “The Astana International Exchange will be an efficient, globally supported exchange platform for both Kazakhstan and the neighboring countries. To ensure safe and reliable post-trading infrastructure we needed a professional provider of sophisticated technologies that could be tailored to meet our requirements. We are glad that in partnership with an experienced supplier of technologies for exchanges we are ready to start operations on AIX.”
Founded in 2014, Avenir started out by delivering a warehouse receipt system for the storage, financing, and trading of commodities, and has grown to a financial market infrastructure solutions provider which operates with a growing number of clients located in both mature and emerging markets across the globe. Avenir helps market operators and participants to better manage risk, handle settlement and record securities market transactions.