Ulaanbaatar Securities Exchange
A Mongolian securities exchange based in Ulaanbaatar that provides markets for equity and bond trading.
Last updated August 24, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Ulaanbaatar Securities Exchange (UBX) is a securities exchange based in Ulaanbaatar, Mongolia. It was established on May 1, 2015, and obtained trading and clearing licenses from Mongolia's Financial Regulatory Commission during the same year. The exchange was created to provide an organized marketplace for securities transactions and to expand the infrastructure supporting Mongolia's capital market. UBX's initial development focused on building the institutional framework required for exchange operations, including trading, clearing, settlement, member participation, and market-making. Its first listed company made a public share offering through the exchange in 2017, marking an early milestone in the platform's development. From 2018 through 2021, the exchange also supported successful bond trading, broadening its role beyond equity transactions and providing issuers with an additional route for raising capital. By the first half of 2021, UBX reported 857 transactions and total trading in shares and bonds valued at 2,319,610,430 Mongolian tögrög. At that point, its market network included 17 member securities companies, five clearing members, and two market makers. Two of the clearing members were general members responsible for payment and settlement activities for their contracted securities companies as well as for the exchange's trading members. These arrangements illustrate UBX's role not only as a trading venue but also as part of the operational infrastructure connecting brokers, clearing institutions, issuers, and investors. The exchange has described its longer-term objective as introducing products and services aligned with international securities-market standards and becoming Mongolia's leading digital securities exchange. Its broader vision is to help make Ulaanbaatar and Mongolia a regional center for financial and capital-market activity. The available reference material does not establish a current ownership structure, a parent company, a listed status, current senior executives, or more recent operating statistics. Accordingly, UBX is best characterized here as a Mongolian exchange whose documented activities include equity and bond trading, with a stated strategic emphasis on digitalization and market development.
History
Ulaanbaatar Securities Exchange was established on May 1, 2015, in Ulaanbaatar, Mongolia. In the same year, it received trading and clearing licenses from Mongolia's Financial Regulatory Commission. These licenses provided the regulatory basis for UBX to operate as a securities-market venue and to develop the trading, clearing, and settlement functions required for exchange activity. The exchange's early years were devoted to establishing a functioning marketplace and building relationships with securities companies and clearing institutions. In 2017, the first company listed on UBX offered its shares to the general public. This event represented an important step in the exchange's equity-market development because it connected a listed issuer with public investors through the exchange's platform. UBX subsequently expanded its documented activity into fixed-income securities. Bonds were traded successfully during the period from 2018 to 2021, giving issuers an alternative mechanism for raising funds and giving investors access to an additional class of securities. The development of both share and bond trading positioned the exchange as a broader capital-market institution rather than a venue limited to one product category. In the first half of 2021, UBX reported 857 transactions and total trading in shares and bonds worth 2,319,610,430 Mongolian tögrög. Its reported market structure included 17 member securities companies, five clearing members, and two market makers. Two of the clearing members were described as general members with responsibility for payment and settlement for their contracted securities companies and the exchange's trading members. This network indicates that UBX's operations depend on an interconnected ecosystem of brokers, clearing members, issuers, investors, and market makers. The exchange has stated an ambition to introduce products and services that meet international securities-market standards. It has also expressed the goal of becoming Mongolia's leading digital securities exchange and a vision of helping Ulaanbaatar and Mongolia develop into a regional financial and capital-market center. The supplied sources do not provide a current ownership profile, executive roster, latest transaction statistics, or a confirmed present operating status. Later developments should therefore be verified against current regulatory filings and UBX disclosures.
- 2021
Reported first-half operating activity
[1]For the first half of 2021, UBX reported 857 transactions and share and bond trading valued at 2,319,610,430 Mongolian tögrög.
- 2018
Bond trading period begins
[1]UBX recorded successful bond trading during the period beginning in 2018 and continuing through 2021.
- 2017
First public share offering through the exchange
[1]The first company listed on UBX offered its shares to the general public.
- 2015
Establishment of UBX
[1]Ulaanbaatar Securities Exchange was established on May 1, 2015, in Ulaanbaatar, Mongolia.
- 2015
Trading and clearing licenses obtained
[1]UBX obtained trading and clearing licenses from Mongolia's Financial Regulatory Commission.
Products and positioning
A Mongolian securities exchange focused on expanding domestic capital-market access, supporting equity and bond trading, and developing a digitally enabled market infrastructure.
Equities · 2017
Listed shares
UBX provides a regulated venue for trading listed equity securities. Its equity-market development included a public share offering by the first company listed on the exchange in 2017. The exchange's share-trading function connects issuers seeking public capital with investors and member securities companies participating in the market.
Fixed income · 2018
Bonds
Bond trading became an important part of UBX's documented activity between 2018 and 2021. The bond market gives issuers an additional capital-raising channel and provides investors with access to fixed-income instruments through the exchange's trading infrastructure.
Market infrastructure · 2015
Clearing and settlement services
UBX operates within a clearing and settlement framework supported by licensed clearing members. As reported for the first half of 2021, five clearing members participated in the network, including general members responsible for payment and settlement activities for contracted securities companies and exchange trading members.
Brand decisions
2021
Pursuit of digital and internationally aligned market servicesStrategyBackground
UBX identified the need to strengthen Mongolia's capital-market infrastructure and align future products and services with international securities-market standards.
Action taken
The exchange stated an intention to introduce internationally aligned products and services and to become Mongolia's leading digital securities exchange.
Aftermath
The stated direction placed digitalization and regional capital-market development at the center of UBX's longer-term positioning.
2017
Support for the first public share offering on UBXProduct launchBackground
UBX sought to establish a functioning public equity market after receiving its trading license.
Action taken
The first company listed on the exchange offered its shares to the general public in 2017.
Aftermath
The offering marked an early publicly documented milestone in UBX's equity-market development.
2015
Establishment of a licensed trading and clearing venueStrategyBackground
After its establishment, UBX needed the regulatory permissions and operational framework required to run securities trading and related post-trade functions in Mongolia.
Action taken
UBX obtained trading and clearing licenses from the Financial Regulatory Commission in 2015.
Aftermath
The licenses enabled the exchange to develop its equity and bond market activities and to establish relationships with member securities companies and clearing institutions.
Recent events
Cardano and UBX announce strategic collaboration[3]
Reported:
Cardano announced a strategic collaboration with UBX to increase on-chain decentralized-finance activity; UBX launched a public stake pool featuring Cardano.
Sources3 sources
Cite this profile: Cite the canonical profile. /brand-wiki/ulaanbaatar-securities-exchange · Editorial policy · How profiles are compiled