Yangon Stock Exchange

The Yangon Stock Exchange (YSX) is Myanmar's stock exchange, located in central Yangon. It was created through a joint venture formed in December 2014 by Daiwa Institute of Research, the research arm of Daiwa Securities Group; Japan Exchange Group; and the state-owned Myanma Economic Bank. The venture, Yangon Stock Exchange-Joint Venture Limited, was established with reported working capital of US$31 million. The Securities and Exchange Commission selected Kanbawza Bank to act as the exchange's settlement bank. YSX opened in December 2015 in a historic financial building at the corner of Sule Pagoda Road and Merchant Street. The premises had previously housed the Central Bank of Myanmar and Myawaddy Bank. The exchange's launch represented an important institutional development for Myanmar's capital markets, providing a formal venue for the trading of listed company shares and a framework for securities-market infrastructure, disclosure, settlement, and market supervision. The exchange operates within Myanmar's domestic securities-market system rather than as a large regional marketplace. Its activities center on listing and trading equities, supporting brokers and investors, disseminating market information, and coordinating settlement through the designated settlement bank. The Securities and Exchange Commission is the relevant market regulator referenced in the exchange's establishment history. YSX is therefore both a commercial market institution and part of Myanmar's broader effort to develop modern financial infrastructure. The exchange operates from a building with substantial financial and political history. Designed by G. Douglas Smart, the neoclassical structure opened in 1939 as the Rangoon branch of the Reserve Bank of India. It continued to play a role in administering British Burma's monetary system after Burma's separation from British India in 1937. Following Myanmar's monetary independence, the building became the headquarters of the Union Bank of Burma, where the first Burmese kyat notes were issued in July 1952. It remained associated with Myanmar's central banking system until 1993, after which it was occupied by Myawaddy Bank, a military-owned bank, before becoming the YSX venue. The exchange's early development was modest by international standards. Wikipedia's account states that YSX had four listed companies as of 2017, indicating a small listed-company base during its initial years. The available reference material does not establish a current listing count, market capitalization, trading volume, ownership structure, or present executive leadership. Those details should be verified against current official exchange disclosures before being added. The exchange's core identity, however, is clear: YSX is Myanmar's dedicated securities exchange, created with Japanese technical and institutional participation and opened in Yangon in 2015.

The Yangon Stock Exchange emerged from Myanmar's effort to establish a formal securities market. On 23 December 2014, Daiwa Institute of Research and Japan Exchange Group joined with the state-owned Myanma Economic Bank to create Yangon Stock Exchange-Joint Venture Limited. Daiwa Institute of Research is the research arm of Daiwa Securities Group, while Japan Exchange Group operates Japan's major exchange infrastructure. The joint venture was reported to have working capital of US$31 million. The Securities and Exchange Commission selected Kanbawza Bank as the settlement bank for the new market. YSX opened in December 2015 in a historic neoclassical building in Yangon. The site stands at the intersection of Sule Pagoda Road and Merchant Street and had previously been associated with Myanmar's central banking and commercial-banking institutions. The building was designed by G. Douglas Smart and opened in 1939 as the Rangoon branch of the Reserve Bank of India. It helped administer British Burma's financial system even after Burma separated from British India in 1937. After Myanmar achieved monetary independence, the building became the home of the Union Bank of Burma. The first Burmese kyat notes were issued there in July 1952, giving the site a direct connection to the country's post-independence monetary history. The premises continued to serve as the country's central-bank location until 1993. It was subsequently occupied by Myawaddy Bank before being repurposed as the Yangon Stock Exchange building. The exchange's opening added a formal organized venue for trading securities in Myanmar. Its institutional design combined a domestic state-bank participant, Japanese market expertise, a securities-market regulator, and a designated settlement bank. This structure was intended to provide the basic architecture needed for listed-company trading and post-trade processing. YSX remained a relatively small market during its early period. The available reference states that the exchange had four listings as of 2017. No reliable current figures for the number of listed companies, trading activity, capitalization, ownership, or management are provided in the supplied material. Accordingly, the exchange's later operating scale and current corporate structure require confirmation from official or up-to-date market sources. The documented history establishes YSX as Myanmar's national stock-exchange institution, launched in 2015 after a 2014 joint-venture formation process and headquartered in a historically significant Yangon financial building.

• 2017

  Early market reaches four listings

  [1]Yangon Stock Exchangeen.wikipedia.org

  The exchange was reported to have four listed companies during its early operating period.

• 2015

  Yangon Stock Exchange opens

  [1]Yangon Stock Exchangeen.wikipedia.org

  YSX began operations in December from the former central-bank and Myawaddy Bank building in Yangon.

• 2014

  Yangon Stock Exchange joint venture established

  [1]Yangon Stock Exchangeen.wikipedia.org

  Daiwa Institute of Research, Japan Exchange Group, and Myanma Economic Bank established Yangon Stock Exchange-Joint Venture Limited on 23 December.

• 1993

  Building ceases to be Myanmar's central-bank site

  [1]Yangon Stock Exchangeen.wikipedia.org

  The premises stopped serving as the location of Myanmar's central bank and later became associated with Myawaddy Bank.

• 1952

  First Burmese kyat notes issued at the site

  [1]Yangon Stock Exchangeen.wikipedia.org

  After the building became home to the Union Bank of Burma, the first Burmese kyat notes were issued there in July.

• 1939

  Reserve Bank of India branch building opens

  [1]Yangon Stock Exchangeen.wikipedia.org

  The neoclassical building that would later house YSX opened as the Rangoon branch of the Reserve Bank of India.

A national equity exchange and capital-markets institution serving Myanmar's domestic securities market, with Japanese institutional participation in its formation.

• Equity securities · 2015

  Listed equities

  YSX provides the marketplace framework for shares of companies admitted to its list. The supplied reference identifies the exchange as an equity-trading venue but does not provide a complete current list of securities or detailed instrument specifications.

• Issuer services · 2015

  Listing services

  The exchange supports the admission of eligible companies to its market and provides the institutional framework through which listed issuers can make their shares available to investors. Specific current listing standards and fees are not included in the supplied sources.

• Market operations · 2015

  Secondary-market trading

  YSX operates an organized venue for secondary trading in listed shares. Its market role includes bringing together investors and listed issuers through exchange-based transactions, although the provided material does not specify the current trading mechanism or schedule.

• Post-trade services · 2015

  Settlement coordination

  Post-trade settlement is part of the exchange's market infrastructure. Kanbawza Bank was selected by the Securities and Exchange Commission as YSX's settlement bank during the exchange's establishment.

• 2015

  Open the Yangon Stock ExchangeOther

  Background

  The newly established joint venture required a physical marketplace for Myanmar's emerging securities market.

  Action taken

  YSX opened in December 2015 at the former Central Bank of Myanmar and Myawaddy Bank headquarters in Yangon.

  Aftermath

  The opening established Myanmar's organized stock-exchange venue; the exchange had four listings by 2017 according to the supplied reference.

  Source

• 2014

  Create a national stock exchange through a Japanese–Myanmar joint ventureStrategy

  Background

  Myanmar was developing a formal securities market and required exchange, settlement, and market-operations expertise.

  Action taken

  Daiwa Institute of Research and Japan Exchange Group partnered with Myanma Economic Bank to establish Yangon Stock Exchange-Joint Venture Limited.

  Aftermath

  The joint venture became the institutional vehicle for launching YSX, which opened in Yangon in December 2015.

  Reported joint-venture working capital. US$31 million (At establishment in 2014)

  Source

1. 1Yangon Stock Exchangeen.wikipedia.org
2. 2Yangon Stock Exchange official websiteysx-mm.com