AIX reports $188 million in trade volume in Q1 of 2025

The Astana International Exchange (AIX) reported $188 million in trade volume from January to March 2025. In 2024, the same rate totaled $1.3 billion, or $325 million per quarter on average, which is 72.9% higher than the figure in Q1 of this year.

In the first three months of 2025, 277 securities from 156 issuers were available on the AIX. Since the beginning of the year, the number of securities in circulation on the exchange has increased by 16.4% or 42 financial instruments (including delistings), while the number of issuers has grown by 13.3% or 34 participants.

In 2024, 140 new securities issued by 68 companies were placed on the AIX, averaging 35 new financial instruments from 17 issuers per quarter.

More generally, since its launch in 2018, the exchange has raised $7.2 billion in capital, including $200 million raised in the first quarter of 2025 alone. Thus, the platform is lagging behind last year’s averages. In 2024, the AIX managed to increase this amount by $2.3 billion, averaging $575 million per quarter. This represents nearly a threefold slowdown in the capital-raising pace compared to last year.

The AIX also reported attracting over 100,000 investors in the first three months of 2025, bringing the total number of investors to more than 2 million. In 2024, the platform managed to scale this figure to 1.9 million investors by attracting over 400,000 new retail investors (100,000 per quarter on average).

In January 2025, the AIX reported a trade volume of $76.7 million, marking a 19% decrease compared to December 2024, when the volume stood at $95 million.

According to the official website of the exchange, the AIX’s shareholders include the Astana International Financial Centre Authority (the major shareholder), the China-Kazakhstan Production Capacity Cooperation Fund, Nasdaq and the Shanghai Stock Exchange. In 2021, the platform introduced the AIX Qazaq Index (AIXQI).